I'd bet he moved in a poor lease-option tenant and may be trying to pass his problems on to someone else.

Some people may have a formula for this, but I feel like it is an individual decision, and said formula would be individualized to some degree.If you don't like renting in that neighborhood, find some comps and sell for as high as you can.

This was kind of poor planning on my part this deal was going to be a flip and turned in to maybe i should hold it and just refi my cash out.

There have been some poorly done rehabs in the neighborhood I am working in and unfortunately anything can qualify as remodeled...including homes with stained carpet and 12 broken windows...ugh!

I deliberated too long about what to do about the problem and the unit sold before I made a decision so now I have some questions about how you all would go about the situation.

Generally, the banks will list with another agent, and until then, it can be very difficult to figure out what the status is, or who is making the decision (at least with the big banks).

They are hard on the rentals, not to mention waiting for +40 years for an investment payout on a nickel and dime bet on housing in a very poor area is not a good investment strategy.

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Good luck on your decision, especially if you select condos.

Is this simply a company policy decision?