It was already well below market value, so we refused to lower it but agreed not to raise it as planned. 

Did they offer more or did you change your ad and raise the price?

Also, the property has been tried to rezone for decades apparently for apartment/townhomes, but they neighbors raise a fuss and it has always gotten shot down.

or of the same amount and give him an extension to raise the funds?

Let's hope the city doesn't wise up and raise property taxes.

If we're going to raise revenue from somewhere...All the best,Jon

I am comfortable in raising between $1-$5 million within 60 days.3- I am also concerned about making the deal too sweet for nvetor and leaving nothing for myself for all that hard work. 

I am fine with that but would like to set a price now before I put a ton of work into it and raise the property value.

I would wait the 8yrs it will take you (less if you raise rents with inflation) to save up that money on your own vs taking a loan from family. 

I don't know actually, but I wonder the reason IF...Would a city push something like this in attempt to drive up ownership by raising the barrier of entry/operations for noon owner-occupieds?