Thank you for having the courage to share a story of failure.

@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

Looking forward to hearing more about your journey and connecting—mahalo for sharing!

Small demolition projects make massive impacts.

Any updates to share?

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

If so, if you share those figures it will help the forum give you more insightful feedback.Also Why are you analyzing to year 15 specifically?

Can you please share your CPA and Prefab ADU company details?

I’ve managed my fair share of properties, and the number one way I’ve gotten property management clients is by helping them solve a problem.

I thought why not share?