But if they reduced the price by 3% to 485k they would only receive 14.5k commission.

The way I understand it is that is they become nationalized and receive help from the gov that the shareholders will pushed out.

The owner did mention he knows he might now receive what he initially paid for it which was $94k

I think the biggest problem would be coming up with the 20% needed to make these numbers work.Purchase Price:$2,350,000Property type: 72 unit ApartmentYear Built: 1970Rentable Area: 58,211 sq ftLot Size:: 124,823 sq ftCurrent Occupancy: 89.19%Purchase Price: $2,350,000Assignment Fee1: $100,000Cap Rate2: 10.77%Net Operating Income3: $253,078.29Pre-tax Cash-flow4: $102,986.01Earnest Money Deposit5: $21,500Down Payment: $470,000Loan Amount: $1,880,000Amortization Period: 30 yearsInterest Rate: 7%Mortgage: $12,507.69Loan To Value Ratio: 80%Debt Coverage Ratio: 1.5044Unit Mix: 24 1/1.5, 47 2/2, and 1 3/2Scenario A:You'll purchase the property at a 10.77% cap rate (based upon his actual numbers), DCR of 1.6862 (assuming you get financing at 80% LTV with 7% APR); and you should receive an annual pre-tax cash-flow of at least $102,986.Scenario B:You could increase your cap rate to 12.1%, your DCR to 1.8949, and the yield of your annual pre-tax cash-flow by nearly $32K simply by reducing your vacancies and collections (from nearly 11%) to 5% of the gross rents (which is the norm for that area—so it's doable).

Michael said he found another manager and said he would have her take over but I still received messages. 

We meet with a friends RE agent and I think they got a little discouraged with the info they received.

Another question for you, what is the taxes you pay on cash out you received??

Not sure how long it take to actually receive the funds though from account...

I also am in the process of receiving my PA license. 

So instead of $1000-1500 per month, they receive $2400-$3500 per month.