and what owed in the HELOC used to buy it? 

While previous offers were rejected, this latest proposal has prompted the company to reassess its options.In conjunction with these closures, Seven & I has announced a $520 million sale-leaseback transaction involving several 7-Eleven locations and plans to create a spinoff for its non-convenience store operations.

We decided to sell it instead of renting it out.

If you can find the deals, you can do the 2 for 1 thing too.

What do you mean by an HML?  

I'll try to post it separately because I can't remember if specific company names are prohibited on this site.

However, am I crazy to want to just hold onto the building and rent it out until it has no value?

I’d love to hear what works for you, especially for those of you who are doing quick turnaround analysis.Looking forward to your insights – thanks you so much in advance for the help!

We were able to work a deal in the last 2 weeks before it was finalized, we had to pay the max amount of interest for back taxes and water bills and liens on the property.

If it will, then you've got yourself a good $1000k +/- and don't forget to factor for repairs and vacancy, PM.