However, based on our recent discoveries we would have decided to walk away from the deal if the sellers won't budge and work with us on the repairs or come up with a mutually agreeable solution.

Finding creative solutions to unexpected problems and making budget sacrifices in other areas to fix a quality issue would also come in to play.

Also he is "hoping to have a solution by Friday."

I represent a real estate lawyer that is interested in getting into convertible living solutions in chicago.

Escrowing the money is the only solution, but you don't have to use the cash for the repairs......you can use your credit cards or whatever, and the escrowed money gets released to you upon satisfactory inspection.

Hi @Brian Gibbons, thanks for sharing this alternative solution.  

Many solutions to fit your budget.Here's to your success!

I would like to come-up with a profitable solution which would allow the Parks estate to continue more-or-less in-tact.Ericka:If we were to purchase this building, we would change the layout; insulate the building envelope and modernize the buildings services and amenities.  

There is always a solution to a real estate problem.

I'm more of a slow and steady kind of investor and not a "get rich quick" type of person though.Everyone's goals and financial situations are different and just have to listen and provide the other party with a solution that fits their needs.