Imagine having to break granite slabs just to replace a cabinet with a rotten basement I'd be so pissed

The terms you posted are pretty generous, so if he isn't even entertaining the offer I can't imagine what you could offer, with in reason, to have him give up his position.Even a phased buy out to give him exposure to appreciation wouldn't really make sense for him if his is goal is to build equity long .

This was a ton of work and luckily we are both pretty well versed in such things.Because we did almost all of the work on this ourselves, carefully sourced the labor for those things we needed help on and purchased materials in the most penny pinching method you can imagine, our total rehab costs were $14,568.36 making our total investment $27,729.26.This was a very tough neighborhood but one that did have a good number of owner/occupants scattered among a fair number of renters.

I would imagine I wouldn't make an offer on the spot because I have to run numbers once I figure out all the costs of rehab etc.

I was amazed at what I didn't know and what I learned helped me grow faster than I ever imagined.  

If you've never done it before, it's hard to imagine the steps and potential frustrations, but your post lays that out, so it's an informative read.  

I imagine that could be hard with a newborn though?  

I imagine we'll see similar offerings for other big HML's.

If I put 20% down based on the sell prices I have been seeing and my calc's I think I can cash flow at 20 or 25 year loans (adding in my rent)I guess I can kind of see where living in a property that you are an investor in is muddy water but I have got to imagine that someone has figured out a way to do this, no?

When I had a large floor area to cover I poured it into a garden pump sprayer and in a c couple minutes the job was done!