But that just seems ridiculous, since there are about 100+ apartments sitting on a pretty modest piece of land.

The law of averages says I’ll still be in a better position with the toilets because there’s a butt paying me every month that sits on it !

I think Bob needs a reality check on his situation and should agree to a lower amount depending on how bad it is since I'm sure it's unlistable as-is, only marketable to investors that will tear him apart on price.Just be sure that you don' do all the work for a small return while Bob sits on his full amount of $1.8MM. 

Granted, I could be so far off and none of this matter because the appraisal just isn't there and I just need to sit on an, albeit cash flowing property, without being able to refi for a while.

It sits within a nice neighborhood but is situated in between an apartment complex and dilapidated home, which will hurt its chances for resale.

Since then, I finished college and continued working my way up through the ranks to sit as our Chief Estimator and Safety Officer.

Just buy it and move there as soon as you can.if it's more than a month tho, I would question the financial wisdom behind buying a house to sit vacant.

I hate thinking about that equity just sitting there, plus I could use a little cash.  

Sit down and write out your monthly expenses and list extras like insurance that you'd have to pay were you not employed. 

I will try to find a mentor or maybe a group who will guide me along, I have a list source pulled, but it's currently sitting not doing anything.