So, I DON'T trust my ability to determine someone's character based on a few minute casual conversation and I DO trust my ability to manage even difficult tenants. 

You could have hired a PM and been financially and mentally better off.

Quote from @Derek Stevens: @Michael Baum My initial question was about determining a sale price not raising capital.

Completing AP requires the other party to file a suit in court during which the judge determines that the case has merits, and ultimately transfers the property to the filer.

Such melodramatics, as the guy's not going to die from exposure unless he's a mental case or a bum, both of which there are avenues for help.

Lenders may ask for these when determining the post-renovation value.The After Repair Value (ARV) is key to your refinance.

Lenders won't value it off the income approach unless it is a 5+ unit and even then, the LTR market rents are more often used to determine value.

EVEN THOUGH EVERYTHING WENT WRONG THIS YEAR IM STILL OPTIMISTIC MY CONFIDENCE ISNT WAVERED AND IM MORE DETERMINED TO REACH MY REAL ESTATE GOALS I SAY THIS TO SAY NEVER GIVE UP !!!

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options You posted this same thing three times - in two it was a 36 unit and in the third a 32 unit.Do you have any other details about the transaction or perhaps wish to share your initial analysis so the volunteers here can poke holes in it or tell you why you're right?

in our area that is a real big deal.. we did another demo and left a few pieces of flooring an inspector came on our job determined they had asbestos in them and we violated taking asbestos items to the regular land fill.. that cost me 19k in fines and 18k in lawyer fees to keep the fines from being really big..