I've got a property under contractPurchase price $78K out the door (I have cash to close) Intent: build on the property which already has a functioning well, septic, and needs PGE installed Total buildout on the property utilities: $128K including the original land purchase price.

I saw this originally at a hardware store.

Originally posted by @James Syed:Just posted another 5 day letter at the front door.

Out of curiosity, how did you originally finance the properties if they are negatively cash flowing?

If you use niche.com you can pretty easily find median home values, median incomes, an some data pretty easily.

I see that it has been 3 months since the original post; how are things going?

I'd have them sign my own lease on renewal and I'd make sure I had enough information on them so I can go after them if a legal issue arises such as employer and other similar data. 

The PM dropped the ball by not doing more to control the situation.To answer Jordan's original question:Do you think that is fair - to be forced to pay for your manager's mistake?

Yes. the original lender probably will not but a new lender may- there first question is gonna be what is your exit strategy so be prepared to answer that question.

Here's a link to the data:  https://mred.stats.10kresearch.com/infoserv/s-v1/vwxD-yIT2.