It makes little sense to keep the property in Dallas since it's producing practically no cash flow.

Hey Hanzel,Multi families are great wealth producing investments and also very long term.

If that is ignored, you could file suit and in the discovery process you could compel them to produce financial statements.

He individual investor should optimize and choose the trade offs that produce the best results (results meaning more than just financial) with the least risk.  

Here the IRS has a reason to challenge your credibility and the credibility of your self-produced numbers.

Like someone else mentioned, if you took concessions for the issue they will produce the documentation and get your case thrown out.You can pursue an as-is sale, make sure you disclose this issue.

It might help you out if you're a hammer swinger type guy who can produce workmen like quality results versus homeowner DIY results.Someone who has been in this business for awhile , and brings a lot more knowledge , and contacts to the deal we'll have a lot better chance at performing a turn around on the property then to someone who is new and inexperienced. 

**Long-Term Viability**: Since DSCR loans are structured around a steady, income-producing asset, they support long-term stability and wealth accumulation, aligning perfectly with a buy-and-hold strategy.Overall, DSCR loans offer the flexibility, scalability, and cash flow potential that buy-and-hold investors need to grow their portfolios efficiently.

Obviously, we will need to file a 1065 and produce K-1s.

It's a struggle.In my business, I am inundated with shiny objects that promise to make my business run better, faster, produce more income, etc.