It sounds like the transaction is close to closing, which means instead of finding a new buyer, they'd likely be open to reasonable concessions.Included full clause below...FORCE MAJEURE: Buyer or Seller shall not be required to exercise or perform any right or obligation under this Contract or be liable to each other for damages so long as performance or non-performance of the right or obligation, or the availability of services, insurance, or required approvals essential to Closing, is disrupted, delayed, aused or prevented by a Force Majeure event.

I mean they have so much control. Get a bunch of people to tour the property together. ARV is very generous. Then understate costs. Seems like a tough situation. 

I was told it was done just for preventative maintenance early on as the area had had some settling issues in the past with other properties.

The problem of course is that we already paid off the county so I'm not sure what would prevent MDH from simply redeeming the lien and then we're in the same position. 

I think it's a shame that fear of litigation often prevents consumers from sharing information with each other.

At the end of the day, if it all works out, there will be no additional income shown on your tax return, you'll only be reporting the transaction for informational purposes and to prevent a notice.

Best way to prevent: select better tenants...yes that is not always the case but it helps.$2.5K additional lost rent due to 4 month instead of 2 month property turnLoss rent on Small Multi-Family properties minimal unless you had to evict.  

We just had a giant lawsuit that showed how difficult it was to negotiate the fees, and the steps realtors took to prevent buyers from easily doing so.

Please note: some mortgages may have language that prevents this or requires additional hoops to jump through, I would suggest you contact your lender and understand each of the mortgages you have as to where they stand on ownership transfer. 

Unfortunately, some Board members are creating friction and preventing the process from starting.