The thing is that MGM owns a large portion of the strip hotels so they are, in effect, competing with themselves.Another note: The media likes to make it sound like Vegas tourism has slowed to a trickle.

And also if you own the land, i have investors that will fund the developing portion.

Do you have it spread out within different investments such as rentals in different areas, holding a portion of your money in notes, or having some money in raw land etc.. or is it mostly all in one basket?

My questions; Would the fire insurance have paid a decent portion of the remaining mortgage balance off?

The landlord will have the burden to prove that your tenancy was changed for reasons other than your having exercised your rights (M.G.L. c. 186, § 18).â€â€œThe Massachusetts Supreme Judicial Court ruled that when a landlord fails to maintain a dwelling in habitable condition, a tenant may properly withhold a portion of the rent from the date the landlord has notice of this breach of warrant of habit-ability.

You could start to get really creative like $140 sale price, and you provide owner financing for a portion, say $20,000.

(It has not gotten this far) but they told me they will mail every single owner there portion of the tax bill.

Although I don't mind only pay a portion of our equity.

In my opinion, if the 2nd investor wishes to proceed, the 1st will need to be made whole.If the market value covers the 1st mortgage and there is likely enough equity to cover a large portion of the 2nd, then there could be a chance the second will forelcose.

The shift in the residential market ended the development plans and the project was returned to the lender in May 2009.The previous owner purchased the residential portion of the site on June 7, 2006 for$14,900,000 and the commercial parcel on June 14, 2006 for $1,280,000.