On the surface, it looks like a great deal, but I would dig a little deeper.Personally, I don't like a 50% estimate for expenses. 

Account ClosedJust a small disclaimer: there may be aspects of your agreement with the other person that makes it appear more like a partnership than your post would show on the surface, so be sure to have the conversation with your CPA regarding the code you researched.This has been my understanding as well.

When you seal the drywall it evens out the finish instead of absorbing into the wall creating an uneven surface.

We basically touched all interior surfaces with some sort of upgrade.

At surface level it seems like the general pricing for Multi's have declined in Boyle Heights since 2016.

If you feel you have done estimates in this fashion and found a way to make a good return anyway, seems like a win.

Anyone else out there approach decision makers in this fashion?

I have posted in the past on doing granite and would highly recommend using a hard surface (for longevity and beauty) but of course not at retail prices.

If you and your agent think your right just don't sign the release.. the buyer for sure is not going to sign the release to you.. so its just a stalemate..the title company will hold the funds until such time as they interplead it to the court .. then you both hire attornies.. and fight it out.but in the meantime most folks would come up with a win win for this and split the money in some fashion ( assuming your correct that this buyer was out of contract and defaulted)

We will have to save the old fashioned way for those I think.