My question is if it is even worth it financially to pursue the unpaid portion of the lease if I am unable to re-rent for a while or will I likely just be bogged down with legal fees making it all a wash.

During the financial crisis & real estate meltdown, many solvent companies/people went bankrupt because they didn't have enough liquidity, and therefore defaulted on their obligations, and some/many (technically) insolvent companies which had a decent amount of liquidity survived the crisis.  

The property doesn't require a huge cleaning effort, just basic cleaning (washing walls, moping floors, etc.)I would like to avoid the higher cost maid services.

I did all the demo, tile work (never doing again), install cabinets and hardware, (they were new box cabinets from a wholesale cabinet company), installed finish plumbing, installed appliances, pressure washing of fence, drives, basement walls, framing of washer/dryer walls and a lot of minor things along the way.

.$43k / 6 months = 7.16k per month profit on 470k or 1.48% per month against your money.Here were the final numbers to keep everyone honest.Cost: $415K – Sale price of $535K, (I don’t usually account for the front end commissions, but they were $11,700 and my back end was ($10,700 + a small broker fee) = $535k-commissions (let’s call it a wash) = $535,000$535k - $415k = $120k, rehab was $55K so profit was $65k

We probably need more info, but my interpretation was he planned to save (not exactly raise) the $2M himself.    

Also remember as you wash walls that all that water with nicotine will be dripping down the walls and onto your floors as well as whatwill drip or splash on you.

Was he using his own contractor or was did he have to use a specific contractor for the loan to work?

IS the HOA solvent?

Eric,While the crown wash itself looks to be in patchable condition (and thus a more affordable expense), I'm wondering what's going on with those flues.