The center of the house had fallen in on itself and virtually everything was oozing and decaying front wood rot, termite damage, water damage, copper theft, and virtually every other form of abuse a house can possibly be subjected to.

From my past experience the only one with much influence to getting them to accept the real value is the listing agent.

.* Certainty of no damage* Generous Property Inpections* Offer to pay minor maintenance (First $50 dollars) to save them moneyHope that helps.Brian

I would want to spend time with each one individually – no influences or distractions.Once you dive in, you should start to get a feel for it.

Essentially, I would be taking all the monthly payment risk, vacancy, turnover, and deposit/damage responsibility from him, in exchange for a deal on rents to compensate me for that risk.

i have a distressed owner in a decent area , and the arv of the property is 204kwith no fire or water damage .what should i offer initially ?

If you fund the senior debt, you have a bit more influence because you can potentially foreclose if things get sideways, although that can get dicey because your partner (using the term loosely) will likely claim that you have fiduciary duties to him on the equity side, and can't favor your own interests on the debt side over his.

(I saw the damage and other tenants reported hearing the noise.)

Let them know, if they move out before the eviction and everything is clean, then you won't pursue back rent and damages in court.Otherwise, the Sherriff will come riding up this week, kick him out, lose his deposit, and a judge will help sort it out in a couple of months.

Some examples would include any unpaid rent, late fees, or utility bills and damages to the unit beyond normal wear and tear caused by you.