It took them a few years in each of the two cases (so far) and took two different routes.  1) They were then able to control the assessments and restrictions to protect their long term hold.2) They actually started forcing assessments and other restrictions in a way to get the remaining owners to sell.  

I'm trying to bargain with the private lender to let me assume the house subject to the existing mortgage, upon which I can complete the remaining work and sell the house.

Looking like I will need to use the state form on this one to satisfy the attorney.

So far, I'm planning to ask what their buyer agent ratio is, what their bandwith is, how long they've been in the business, if they are investor themselves, why they got into real estate, and if they ask to sign a buyer's broker agreement and if they allow for me to back out of that if I am not satisfied.  

Hopefully, that will be enough to satisfy even the greediest opportunist / shyster and keep them from going after your home, car, savings, portfolio, etc.

Additionally, there could be issues when it comes to marital status for example if one of the 5 people get a divorce down the road and then the ex wants a piece of the action.It may be best to buy the remaining siblings out so there are fewer claims to the property.  

So as you know I'm putting the 25% down on 392- therefore financing the remaining 292 plus the 100k@ 10.9%.

So basically now the balance of the assets are between myself and 1 sibling, so the capitol gains tax is what I was trying to factor into knowing about what the tax cost might be and I'm satisfied it's not going to be excessive..cost for us to split.. 

The fact that the sale of your Relinquished Property and the purchase of your Replacement Property closed on the same day is generally not sufficient to satisfy the requirements of structuring a 1031 Exchange transaction.

That being said, which of Matthew's concerns of moving out of Maine will be satisfied by him moving to DC area?