Not here to bash anyone or be negative.

not bashing your thoughts-again, i liked your post...but when i go out to eat, and the server or bartender asks what i do, and i tell them, and they suddenly start spitballing out what they've all heard on the news...it does worry me a bit...i guess wha i'm saying, is that if everyone believes this country will recover, and they also believe it's a great time to buy, then what would the contrarian take on that be??

The proceeds (est.150k) from the sell of these lots will be subject to capital gains tax and we want to minimize that as much as possible.  

I guess I am trying to avoid an eviction proceeding if I can.  

The basis of the discount which is agreed to for sale is based on both the amount of additional capitalization required to disposition the loan along with the estimated net proceeds from disposition.  

.• The issuer intends to use and uses at least 80 percent of the net proceeds from sales made pursuant to the rule in connection with the operation of a business or of real property, the purchase of real property located in, or the rendering of services within such state.• The principal office of the issuer is located within such state.• No part of the issue may be offered or sold to non-residents for a period of nine months from the date of the last sale of an issue under the rule (For purposes of determining the residence of offerees and purchasers: (1) A corporation, partnership, trust or other form of business organization shall be deemed to be a resident of a state or territory if, at the time of the offer and sale to it, it has its principal office within such state or territory. (2) An individual shall be deemed to be a resident of a state or territory if such individual has, at the time of the offer and sale to him, his principal residence in the state or territory. (3) A corporation, partnership, trust or other form of business organization which is organized for the specific purpose of acquiring part of an issue offered pursuant to this rule shall be deemed not to be a resident of a state or territory unless all of the beneficial owners of such organization are residents of such state or territory.).• During that nine month period, all resales of any part of the issue, by any person, shall be made only to persons resident within the state.• The issuer shall, in connection with any securities sold by it pursuant to the rule: (i) Place a legend on the certificate or other document evidencing the security stating that the securities have not been registered under the Act and setting forth the limitations on resale contained in the rule; (ii) Issue stop transfer instructions to the issuer’s transfer agent, if any, with respect to the securities, or, if the issuer transfers its own securities make a notation in the appropriate records of the issuer; and (iii) Obtain a written representation from each purchaser as to his residence.• The issuer shall, in connection with any offers, offers to sell, offers for sale or sales by it pursuant to this rule, disclose, in writing, the limitations on resale contained in the rule.

Depending on how the lease was written, there is usually a valid reason to begin eviction proceedings after so many late rent payments (on mine, it's 3) so you might have been able to nip this in the bud.

I guess My bad for assuming those guys knew that the property is going to get repaired.So my question is, "Can I dispute this appraisal and make a case to my bank to proceed."

All proceeds have to come back to the IRA.

If i proceed with the purchase, is this something that you would fix sooner or later?