Shop around to local/regional banks and credit unions.

I do not know what the partner is willing to take for his interest at this time, but I think he is trying to replace the worry and stress of ownership with a lump sum in the bank.

Might just the be bank trying to gouge you. 

Would you be willing to consider "X" with "X" terms...Or, if the list price sounds fine, would you be willing to consider "X" with "X" terms...And be ready to explain what "X" means to them and how it would work.

I am curious to see how banks will be handling these notes with non-recourse when foreclosure comes.

@Glenn Curry Keep looking at different banks.

HelloFrom what I understand, with no experience in real estate investing, mobile homes only depreciate and that banks don’t see them as having any increase in value after repairs.

When we talked to them on August 28th, we explained that and asked them to just go ahead and charge us to rekey the doors.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

He explained that their bank client doesn't want it due to fair housing.I'm assuming it's part of fair housing where you can't call out a neighborhood as being "nice" or "bad" or "crappy" or "full of crime."