Hey guys,Reading about performing notes has fascinated me; seems like such a superior investment compared to stocks/bonds in terms of variance and ROI. 

The work will be legally authorized and performed. 

@John Warren - inspecting an modern six-unit 'H'-block in 2-3 hours may be possible, but on an older building (we have a six unit from the early 1900s), you are not going to perform an adequate inspection in that time.

Not even a counter offer.Plan C: Make an offer closer to asking price, but with a 90 day contingency to market the property and secure a tenant.

Another method, although this is more complicated (and I've only seen it with securities, so you might want to talk to an attorney) is dilution; namely if one partner puts in more money afterward in CAPEX, the other partner's ownership is reduced.

I think our industry needs a set of KPI's (Key Performance Indicators) of its own; asking ourselves "what are the most important items we need to track so we are as successful as we can be" and use these numbers as a benchmark for performance, comparing them with like minded owner/operators.   

other wise they can out source all of what your doing pretty easily with VA's etc and the direct mail guys on this site but those guys don't work on performance you have to pay up front and direct mail is very expensive. 

I will be self-performing most of the work for the first 2 or 3 and subcontracting work I cant do. 

Do not return their security deposit because the pictures the tenant sent you should suffice in court to explain to the judge why their security deposit was not given back. 

If not, you can contact the broker in writing, explaining why you want to be released...lack of performance, lack of communication, you don’t feel like he’s acting in your best interests.