If we took it and wholesaled it then any amount we got we be profit since we wouldn't be paying anything to get it.

@Jessica Roland some of the issue is the loan on the 70k property will be under 50k more than likely, these are more difficult and most lenders have a min loan amount between 50-75k.

The Property Management amount is a Guaranteed Payment and is reported on line 4 or line 14 of that specific partner's K-1 with a notation of "A" as the payment type.All other profits and losses for that partner (and any others) get reported on line 2.Do not 1099 the partner.

There a good amount in downtown cities.

Thanks for the Info, for me unfortationally  all my properties are located in the largest county Jefferson County and they love to put out of state big investor companies so they can put the extra money in their account and if you get behind on the propert taxes 1 year they require that you pay the overbid interest amount AND THE NEXT PROPERTY TAX BILL TO REDEEM,That's a big hard ship on the common resident to come up with 2 years of property taxes and Over Bid plus 12% interest dailyBlessings to All

If he does not come up with that amount, then the math makes the decision.

The other one is the equally fabulous Real Estate Investment Network run out of Vancouver but with a massive following across Canada and hundreds of members in the GTA. 

Alternative monies is going to run in the high 6s-mid7s range depending on ltv, loan amount, etc. 

I never had him offer stupid amounts.

If there is no response in that time frame you will be clear of the lien amount.