If they are losing it anyway then a short sale would save their credit a little bit verses a foreclosure on their record.

You'd have responsibility of it.But if you wanted to play hardball I guess you could claim it's outside the scope, but I think if it went to court you'd lose based on inspection and other work items..You could always try to ask what kind of resolution the tenant is seeking and then maybe come to a compromise.

When we saw units that were going for 215K in mid 2007 and selling for 75K in late 2008, we just said we can't lose with that and took the dive.  

The area may be losing population but certain sub markets are just booming.

I guess it’s the tension of wondering if you’re just going to lose out on too big a chunk of profit by listing it below market value vs.

He said I would not need more than this since my net worth is less than $1M, however, I am having him look at quotes for an excess liability umbrella policy for these as well.

My question for the forum is: does making the only bathroom in the unit a 3/4 bath cause it to lose a significant amount of value?

Maybe but then that would have meant a risk of losing the property to other bidders and giving up the property I knew was underpriced.What is the property currently worth?  

@Thomas S. lol I know I would lose everything!

The house is located in an area that suffered drastically from the market downfall - losing about 85% of it's value, but has now rebounded.