I would consider calling an attorney and having them draft a nasty letter.Out of curiosity have you read the deed of trust on the underlying loan taken subject-to?

Thats a rough estimate and I actually did run the numbers on this for a year or 2 out of curiosity.

Just out of curiosity, what do PMs typically charge?

The issue with taking your time to fix it, is that you still have holding costs while doing that -- utilities (gas, electric, water) and property taxes are accruing.

Out of curiosity, are there no non-recourse loans out there for free and clear properties?

I’m sorry to sidetrack from your post but just wondering out of curiosity

.$15/month is $300 in a year, not a small amount for low income folks.Just out of curiosity and doing consumer research for myself.Currently,  2BR apartments go for $1,700 and up in my area, and advertised in the $1,700 to $2,000 range.

Adjusted basis is the original purchase price, minus the cost of any improvements to the property, plus the accrued depreciation on the property.

It was 1800 but now interest is accruing in it monthly.

My curiosity was more if I was "missing something" in my calculations (admittedly, probably with regard to whether I could increase my offer on the house above).