Mediation also works when the other party is present at the court & decides to negotiate with you in the presence of a neutral 3rd party who is a mediator.

Top and bottom rail black to match the existing trim and the rest gray.

Marc,Maybe consult some neutral experts to weigh in.

Everyone sees wholesaling and wholesalers as the bottom of the barrel.

Her sister's half has a cost basis of $40K (50% of $80K) if the coop sold at $280K, approximate current market value, (her half $140K), her capital gains will be $100K ($140K - $40k).My wife's name was not on the title, thus got a stepped up basis, meaning she just inherited it, at a value of $140K, and if sold at market, her capital gains will be zero ($140K - $140K)Bottom line is, you will have a capital gains issue if you took it over at $80K and sell it at some later date.

With 17% down, rent covers PITI, HOA, and I am cash neutral.....And rent is about $400 below market....

Our building is a heavy “value add” everything too to bottom needs work, units all need updating basically full rehab.

In a nutshell, a guest left a tenant's apartment, went down the common area stairs, where ALL the lights were burned out, tripped on the bottom stair, and crashed through a plate glass window.

Bottom line-- except to the encroaching neighbor the property has no value.

Bottom line: I hope to be using the proceeds by the middle of next week!