You may want to check and see if you have a similar group wherever you live, if you do, they won't be shocked by any stories you have to share, they have probably seen it before a million times.

Hi Ben,I am in somewhat of a similar situation as you and would be curious to hear other feedback you get from the rest of the forum.I live in San Diego, and even hitting the 1% rule is next to impossible here.

He may be similar to me in that he will just absorb costs to make to customer happy (to the detriment to himself).

And with lots of grandkids spending most of each summer there, I tend to touch up the wear areas more often than others might.Neighbors with similar floors don't do anything to them for 10 years or more.

The building is in a high-density zone, so can be a 3-family by right, and the property across the street is a very similar configuration.

Tell them about your property and ask them to pull sales of similar size, quality, and style properties in the area that are in similar condition.

I'm curious as to why you say this, because I am doing a similar deal and have obtained financing for it.

Like I have several condos that I rent in Lowell and I could get a similar unit in a highly regarded border town that is identical to some of mine and get maybe $100-150 more in rent, but it would cost me $30-50K more easy to buy it.

If terms required of the Borrower are not being met, such as finance contingencies a similar demand letter can be issued but it get's a little hairy and the Seller should get a lawyer so he is not making demands on something that does not warrant a demand per the contract.

This is a question for my accountant, but since he's on vacation this week I wanted to see if anyone has had a similar experience.