The buyout price should reflect the market value minus any liabilities.Sell and Divide: Another option is to sell the properties and the LLC’s assets and then divide the proceeds.

I have spoken to some other hard money lenders and most require 10-20% of the purchase price as a down payment.

yes, i knew the work part. just wanted to understand the staying in it even if paying full price. not a deal breaker for me, just need to figure out where to roll my money into to use it

To be honest, I think we may just need to bear the costs and learn from this and do regular unit checks going forward (which was not done by the previous property management company). 

Rent growth at or below market historicals, sales price matching current comps/cap rate, etcThats a start.

Please forward all your Chicago deals to me LOL. 

Are utilities included in the rent price for MTRs? 

Would love to discuss possible opportunities looking forward.

What sort of contingencies should I include in my offer to the seller if I decide to go forward?

If this trend in the supply of homes for sale increases again next month, we will see price softening.