I placed them on notice that I intend to file a complaint with the Real estate commision for this whole deal.  

A 24 unit building is valued based on the rent produced.  

You have no real liability and you will just be incurring more expenses with tax returns and filing fees and attorneys fees. 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

And remember, the busier the county, and the more understaffed they may be, the longer it takes for that recorded deed/assignment of mortgage (AOM) to show up in the recorder's files, IF that bank has even sent it out for recording.I have bought and sold notes before auctions, and sold REO after auctions that I personally handled/bought/sold, without ever recording any interest until the deal was consumated with a NEW buyer.Good luck in your investing!

I am now in the process of filing my 2014 return and due to the limited number of months that I rented the property (November/December), the number of deductions that I am able to take from the home purchase and a few repairs that I did prior to move in, my rental income is showing as -$3300 for 2014.

Approaching someone that can produce a written lease that ends 18 months for now and they don't want to go.....be ready for big money....or simply honoring their lease terms.  

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul

The bid was denied and kept "on file as a backup".