I'd worry about getting the roof and HVAC up to snuff before I worry about taxes, as any buyer is going to discount his offering price due to imminent repairs.

If they feel that they gave you a discount (whether real or based on false assumptions of market value) then that could damage the relationship.There are definitely benefits to both buyer and seller in doing an off market sale like this, just make sure they have all the information you have so that it stays above board.Good luck!

Shane could help tremendously as well when it comes to giving you an idea of what recent rentals look like .. i.e. comps, finishes that investors are using on their units (kitchens, bathrooms), amenities offered, turnover/days on market for rentals in Cleveland Heights, etc.Best,Abel

Over time, this adds up.Concessions = discounts or incentives you give to tenants in order to entice them to rent your units.

That's all I've done here, and it's helped me grow my network tremendously.

They either become slumlords because they can't pay for improvements, they get out of real estate because they tire of losing money, or they sell the property at a discount because it hasn't retained it's value.I've had similar situations.

But if you do, I think there is tremendous value in finding a market you have ties to / you can drive to. 

Good luck to you all and any help will be tremendous thank you!

I struggle with this because I see the tremendous need for affordable housing but when I run the numbers it never pencils.

We made some good connections there, which helped us tremendously.