Sharky,:welcome: to BP.Likely your nickname will not inspire confidence if you post that you are looking for partner.Continue reading until things sort of drop in place.

Though i expect to contract for $255,000 Details follow. 8 plex renovated in 2006 and 2007: new roof, all apartments new carpet, painted, new windows, new lighting fixtures, new kitchen cabinets and appliances.4 two bedroom and 4 one bedroom all with w/d hookupsCurrently 100% occupancy with 1 year leases.Sheduled gross income $3300/monthtaxes and insurance $2500estimated maintenance $1800all apartments on separate water and electriclong time handyman on premises gets rent reduction for service.

That was a few thousand dollars I was not going to gamble on even if I did have a little more wiggle room left :wink: that was still there for the surprise factor....you know, "surprise, I didn't count on that needing to be fixed" Glad I passed on it, I was watching another one slowly drop in asking price.

I eventually became a GC and started building "on-your-lot" houses and did that for a little while before the bottom completely dropped out of the building market.

Now the values have dropped so much that in order for a short sale to work the bank has to take a massive hair cut.We have changed the focus of our business to lease options and that is starting to work rather well.

If their intent is to drop the ball on the contract to try to get a better price, it all depends on how strong your contract is.

And if Countrywide doesn't provide a commission, then you should be able to point to a 3% drop in price below market value to compensate.

I'm from just outside Atlanta, GA, where right now there is almost no water and a lot of forclosures.

So this price drop was significant.

The water heater is new, and the furnace is older but my father (a contracor and also a landlord) inspected it and said it should last at least a few years.He is asking $31,900.