When a good buying opportunity arises, we'll simply write a check out of our line and purchase in cash.

It could start with writing 3-10 things you know you need to do, then do the easiest one first so you have a win and see if you want to do some more.

I am aware that NYC is a renter friendly market so I wanted to know if anyone has been in a similar situation or knows of any solutions that could result in us paying a fraction of the outstanding amount or being able to write it off all together.Feel free to respond to this thread or inbox me.Appreciate your help in advance.Natasha  

Additionally, if the seller has previous Schedule C/E and you write a letter to the underwriter that you are planning on continuing the same business model, it's possible they will consider it. 

Writing all that was cathartic. 

I think most investors see the writing on the wall and anyone who was planning to exit in the next 1-5 years realizes now is probably the time to do it.

When you do that, it can become a write-off.Of course, I'm neither an attorney or an accountant, so take this all as my opinion formed from personal experience. 

Don’t write them off.

They have both NJ and NY offices and they write nationally. 

I would suggest myself to listen to the BP Podcast (all episodes) with a notebook next to me and write not only EVERY RE book but also every business related book suggested!