You mentioned this is your client, I would be talking with your attorney for sure.

If the question is where to focus resources it is likely on the unit near ready so you can get cash flow going as Patrick mentioned. 

I was listening to the BP podcast #167 with Kevin Wood, he mentioned he used a designer to give him ideas on a property.

In most cases there is quite a difference.As mentioned before, the penalties and taxes you have to pay at the end of the year are not deductible. 

there are extra buyer premiums they add as well, let alone the previous mentioned ghost bidding. 

My best friend has been waiting on a condo that's is a short sale .

@David DiazLike Christopher mentioned, there may be issues with the particular condo projects you've been trying to buy in.  

Not to mention you also have much more flexibility with the tax code.Other options would be to buy better cash-flowing rentals (tough in this market), qualify your spouse as a real estate professional, or sell the property.

From the initial assessment of this property the property expenses are out of balance (i.e. no property management figured, maintenance cost is $500/year, fuel costs of over $4000, along with some other similar items) not to mention some deferred maintenance on the property as well.

I really wasn't comfortable with going with the Crowdfunding approach for many of the reasons some of you mentioned .