Please do not act as an unlicensed manager, it will only result in issues for both you and your friend.

It’s in a great market & neighborhood.

If not, there's no point in going further. 

In your example sell the $2 mil building (assume there's $600K of debt remaining so there are 1.4 mil in proceeds). 

There are a lot of events this week in Denver.

Hey @Eddie Miretsky, I am in MA myself, but in the Northshore area.

Only do this if you'll be staying in the house for a long time.

You can always raise it again in 12 months on their next lease. 

They own an interest in an entity that owns real estate.Option1.

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.