The problem is I typed a nice detailed e-mail trying to do a basic needs analysis but all he responded with was 10%.

Basically, the current owner is underwater and will take a haircut but is not willing to walk away completely.

Basically if it were only construction I would have bought it.

Basically, at least from what I read, they can force the other partners to buy them out of the deal at any time (based on current appraisal), and if they can't afford it, they can actually force liquidation.

www.biggerpockets.com/forums/88/topics/51836-the-basics-of-real-estate-investment-deal-analysis

But back to that in a minute.The response you posted above basically says the RE commission told you that NOBODY is allowed to write their own contracts, regardless of whether they are licensed or not.

In the meantime she filed a tenant answer with the court basically saying she needs more time for the rent, I have kids, bla bla bla...She's not even being evicted for non-payment, she's not under a lease and we want to rent the property to someone else, so to me that shouldn't even apply but the court now sets a hearing date a month from now!

Basically when someone dies, their stuff goes through the probate process in order to make sure creditors and heirs are accounted for.

This is not one with an accounting or finance degree as the basics could cut this estimated time in half.Secured lending issues, if you were to actually learn these aspects as mentioned above, another 4 or 5 months.

An adjustment would have to be considered for the location on the busy street; similar down adjustments would be made for location next to industrial property, next to train tracks, with a freeway running behind the property (a fence can allow separation for safety, but won't reduce the noise by much), etc.