Any electrical also has to be replaced.With Burn houses I was told there was a certain percentage of burn through when framing had to be replaced vs. just patched.

Then, the payment was calculated on the percentage of the land in relation to the sum total.My father brought me in and I developed the property, including putting in the roads.

Aaron Yates, that's expensive money but I'm not surprised that costs add up on a relatively small loan to the point that they constitute a large percentage of the overall loan amount.I know a local hard money lender.

A good percentage of them don't even have email addresses, especially the older ones.Does anyone have any recommendations as to what should be done?

Absolute returns can be higher with free and clear properties but percentage returns are often higher with leverage.Asbestos and lead paint are just a problem to be dealt with.

There are many variables that determine if a short sale is possible. 

There are several in the BP Files section http://www.biggerpockets.com/filesJ Scott's is very extensive with lots of variables but still easy to use. 

If you are able to contact a number of them directly, you might be able to develop a unified plan as to your percentage interest collectively.I guess that's why I prefer DSTs, at least with those you can't get stuck because of indecision. 

After 30 years in this scenario, i would have paid off the house, but accumulated 170k (minus taxes)It seems that it would make more sense to invest the 1700 instead of using it to pay off the mortgage early but I'm sure I am missing a lot of variables so I want to get input from you smart people.

@Brandon Sturgill I highly recommend not using percentages to calculate expenses.