To be clear: I'm not saying claiming abandonment and re-renting the unit is the best or only option here (I don't have all the details and only the original poster @April Mattin can make that call) - I'm simply saying abandonment is one legally recognized option that is on the table and landlords and PMs should be familiar with the state laws on the subject.

If you determine there will be much more work needed, you can use this to come back to the negotiating table and try to get the price down to something that will cash-flow for you.Good luck with the deal, I hope it works out.Richie

Time to turn the tables, dontcha think?

I have beer and a pool table!

@Larry Alexander check the water table took

This will give you plenty of time to locate the new investment.Here’s how the time table would work:List package Sept 15.Enter into contract say Oct 15 with 60 day close and ability to extend for another 60 days.In this way, you will have up to 4 months and 45 days to identity up to 3 replacement properties.

At the end of the day you may find that the lack of liquidity of the syndication time frame and a sudden turn of events in your stock pricing may force you to come to the table with cash you may not have or be forced to liquidate stock to cover should the stock experience a price drop.  

No offense but how much experience does the college dropout roommate bring to the table?

I appreciate the welcome.Also thank you for the recommendation, I will definitely reach out to Jake.Those two steps make sense to me – what criteria / specific questions would you advise bringing to the table when connecting with potential LOs and Realtors to decide if they are a good fit and have my best interests in mind?

To the chagrin of our agent, we went back to the table once again and offered $50k, 1/3 of our original offer.