I also suspect you might have difficulty finding a buyer willing to buy knowing there is outstanding litigation could be amended to bring them into the suit.  

Well, there's no bankrupting your way out of child support, nor should any man worth a damn want to do so.

$475k with projected total rent of $120k with an outstanding co-host.

And Chris Watkins is an outstanding lender to have on your side.I'll add this: look up Dan Gandee (here on BP). 

I’ve shared (and debated) about views on the economy, the role of government in real estate, investment strategies, asset classes, how to best underwrite deals… It's frankly just damn enjoyable to turn around in a room and be able to talk and share with a new person in the industry.Everyone here is trying to step their game up, and give a hand up to the next person.

A house on a lake should do well, unless there is other outstanding issues like crime. 

If so would like to talk especially if you have outstanding notes. 

We have already reviewed the original code violation report and we are meeting with the inspector tomorrow to review any outstanding/unmet conditions.

Virtually all non value add RE investors who have purchased local in the last 2 years are not getting a good return on their investment.Compare this to just a few years ago where a 0.7% ratio with my underwriting had positive cash flow and appreciation and rent growth were outstanding and forecasts  projected them to continue to be good for a while.Maybe I am a spoiled investor.  

Your agent or property manager may have one or your lawyer can draft one as well.Key points that are in mine are security deposit information, lease terms, who takes care of what, who owns what, any outstanding bills (such as water, code violation or repair chargebacks) and any repair requests submitted to the seller/current landlord that haven't been addressed.