I read the article but still have outstanding questions.

I think your strategy concept is outstanding.  

Instead you did a deal and made damn near 5 figures!

We have a great team of bankers, designers and builders who all do outstanding work.

Ask if there are any outstanding issues that the prior owner did not resolve, let them know what your plans are for any fixes/upgrades in the near future, and let them know you will be providing them your own lease on xx date which will include a rent increase.

Keith and Janet Prang at Gold Medal Property Management are outstanding folks.

Hey @Anthony KiddJust to clarify, you're saying that the rent is still outstanding and not that they paid today, which was late, correct?

Property prices in Boulder are damn high, and it appears that most multi-families close to campus are already owned by property management companies or independent investors.

You can offer her a 30k interest free loan(30k rent credit) in exchange for reducing the price of the building by 60k, but remember that makes your building less attractive to other people if you need out (there's an outstanding 30k loan of sorts they'd have to respect, assuming you did everything properly)The answer is above, work out a fractional ownership system, where she retains ownership of her unit and you retain ownership of the rest.

In CA, they are empowered to act with:1) Court order, and2) Letters testamentary (or Letters of administration, if no will or no one named willing to act).Using the term "short sale" means that outstanding loan balance(s) exceed the value of the property..