Market value is dictated by area, park, condition, etc.

Will he want to inspect the property, all buying/selling papers, ... etc and try to dictate the Selling price  or something else...Question 2) Do you have any prior experience for such relationship where "fixed" fee is paid to Broker per year ?

Bryan N. is spot on, ultimately all of our investing decisions are dictated by the life we are ok with leading.

You may have issues keeping earnest money, local custom and state law dictates the use of EM on contracts.

If so, the process should already be dictated by that document.If not, perhaps he would consider selling his shares to you, at a discounted valuation of course, and finance the acquisition of shares (like a seller carry back but with stock instead of real estate).

Your local law might dictate the terms of such a payoff and could be more than makes sense.

So that will help dictate just how much financing you could potentially take on against the property regardless of what a bank tells you it's worth.As for C or D class areas...

The current lease and local/state laws will dictate the tenants' rights.

Drama city.....Little confused on the whole situation but...... whomever is on the lease has a contract with the landlord, and that contract dictates who has any rights to even be living in the unit.

This is done with additional consideration of what the client actually owes on the property.That BPO is powerful and will dictate whether you can even make a profit.