Actually, for the $, and liability, I'd have someone work them out to the point where you either had them performing, or FC and then deal with the property. 

We're happy to help you achieve your design and performance goals if you build ground up, rehab a shell, or minimally modify an existing property.

He has not performed on those steps nor made progress in that direction.  

Review your contract with the property Mgmt co carefully and make sure you have the ability to cancel their service if they are not performing as expected/required.  

The deal was back to market on MLS because previous buyer did not perform (failure to get the Mortgage). by that time it has been on the market for well over 4 months, so the seller was a bit frustrated and quite motivated.

He's performed thousands of studies and about a dozen for us over the years.     

Would be curious to hear what your experiences have been in terms of your property performance vs. projections as well as your experience with property management and finding tenants.I too think that E Orange and Orange have great investment potential, given the further gentrification of Newark and the perpetual unaffordability of NYC.4-units in particular seem great, given their relative scarcity in this market.

To get the best price you need to have a properly performing property.. get rid of the manager, find another one.. use google if you have to... you are going to get 60-80% of the value if you sell with a vacancy.. suck it up, get a new manager, claim some proffit and then get out.Honestly, you should dig deep with these potential buyers and see if they are related to the manger...

Hi high crime areas, assuming the note is performing then the highest risk is if you ever have to foreclose and resell, the crime rate could affect value.

Never use anything except M2M leases as you will need to be able to quickly remove non performing tenants.