As the owner of the property that is being severely mismanaged, do I have the ability to move the money directly to my bank through government action?

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.

A terms sheet will tell a pro whether you know what you're talking about and give them a structure of the deal you propose, but it won't establish credibility with respect to your financial ability to pull off the deal.

The legal action is against people who have no intention of closing or no ability to close the purchase tying the property up with the seller believing the buyer will close when in reality the transaction will only close IF the “buyer” finds someone to pay more than he is paying.  

Also, was there a background check on the tenants possibly having criminal backgrounds and or background check to determine if the tenants had ever been evicted in the past?

Hello,I'm looking for guidance on how to determine fair rents for a commercial property with two tenants.

I appreciate the ability to teach out to you with questions!

What kind of calculations should I use to determine whether or not this is a good idea?  

.- i question your underwriting and ability to make money on a $79k purchase with $12k rehab.