Such a horrible loss.Regarding your property, I think as the trends in the report continue over the short term you will be able to sell closer to full value in coming months.

I ended up attending one of those weekend seminars for a few hundred bucks that tries to sell you on a 30k coaching program.

Most deals that I have talked to his students about have a minimum $25k or $50k investment some sell out quick others don't. 

Listings are selling for roughly 92% of their list price on average.

I do need a property that is not very expensive, which is why I have been looking into Clevland due to their low selling prices and high appreciation rates.  

We're looking to transfer this into an LLC for liability purposes.From what I can tell, the best way to do this is to retitle the property, pay Chicago's expensive retitling tax, and set up an operating agreement, all of which likely requires a real estate lawyer (what $ base do we use on the tax, given we aren't selling it to ourselves, just transferring it?). 

Some ideas I've considered:Equity Buyout: Having another investor or my partner buy out my 40% equity.Seller Financing: Selling my equity and offering seller financing to the buyer.Selling the Property: Liquidating the property entirely and splitting the proceeds.Does anyone have experience with situations like this?

And don’t sell yourself short—getting started as a bird dog is a smart move.

I spoke to few folks and other option is that I take the insurance settlement and not rebuild and try to sell the house as-is.

Their Goal - sell us this property seller finance.