They just had to plunge really hard and all the sudden it drained.

If I have not had tenants, in 11 years, reject the property due to this cosmetic issue, why would they all of a sudden start?

The family continued to reside there for another 6 months then suddenly announced they were moving (failing to pay their last month of rent, thinking the security deposit could be used for this) and claiming no damages. 

Plus don't be surprised if once you can make an offer that another bidder suddenly materializes and makes a higher offer even though the property has been sitting for months and months 

I suddenly realized that these secure jobs were anything but.  

If this would have happened at a house in SoCal where all of a sudden a completely to-be-unexpected Blizzard hit, causing this result, then I would probably try to get some sort of a deal worked out.If the overall business relation is worth a million+ then I might also look at this differently, even in Ohio.All these fine points are not mentioned in the post (and also cannot possibly be mentioned as it would be way too complex) and therefore one cannot give a proper answer, as far as I'm concerned.The point I try to keep making is: it all depends on the individual situation.

Maybe but you if you do not hold long enough, for what ever reason, or your roof does not last that long all of a sudden you are in the red.

I just know I didn't have a rat in that house for 5 years I kicked there and suddenly there is one the first day they are there. . .

She died suddenly of an asthma attack on their 30th anniversary in 2012.At her death, the home was worth about $950,000.

The issue I've seen with the llc's is that you can't transfer the property into the llc without the possibility of the loan needing to be suddenly paid to the bank in full.I think that's actually the best course of action so far, and for future ventures it's good to know that we would both be needing to be 50% on the loan to prevent any mortgage fraud issues.