You will only get one bite at this apple, though, because going forward, you will be bound by the partnership agreement, and the equity will be 75%-25%.

I can drop the sale price a little bit more, but at one point I might as well wait until Spring rather than loosing money on the deal.

If you visit multiple open houses in a similar area, you are bound to find an experienced agent willing to share tons of information regarding the area.

When this happens they loose $650 because that is what the company charges to have one of their people go out and inspect the property.

You have to read and listen to his podcast where he mentions about loosing $200K.

Especially true if you reside in a state with high state income taxes that are also loosing their deduction.

I spent the last month doing renovations and I got my unit looking GREAT (at least what I thought)...City inspector comes in to check if everything conforms to "The Sanitary Code, Article II, Minimum Standard of Fitness for Health under Human Habitation," adopted by the Massachusetts Department of Public Health".There are such small things like:- Piece of tile in front of tub is slightly loose- Furnace has rust- Base of tub needs new caulk- Window screen has a slight tear in it- etc. etc. etc.Can they really force me to fix every single little thing?

Am I bound to it or is a new one drawn up?

This way, you can ensure that they are bound by your rules and not prior rules.Your issue, which I would talk to an attorney is that you would have to get the tenants to agree to sign a new lease if they are currently in a year lease.

I would owe him on the back end interest free 20k with loose timing terms unless I sell the house.