It is further compounded by the fact that when you do finally increase rents, it needs to be a big increase.

There some signs of the market calming down a bit finally, but contractors are still booking weeks out when you find a good one. 

And finally let's say he's right and you're borderline, you just need a backup plan.

Glad to hear your finally ready to take some action.

First you need to wait for the loan to settle with final servicing company.

Finally, remember you are never alone. 

Also I wish to read if there are any books I can read related to selling a property.Thanks You absolutely have final say in any offer or negotiation.

It ended up taking two or three months to finally get the appraisal but they only had to pay $500 for the appraisal.

@Astrit Bauta, regarding your final comment of the original post: why would a general partner go through all of the trouble of sourcing a deal, putting together an offering, executing on the project, etc without being compensated?  

We have been in all types of living situations from section 8 to my mom finally owning our first house.