And I'll even concede that I have seen some lousy deals offered by experienced sponsors, perhaps because they know they have loyal investors based on past experience. 

I disagree that the 1065 would be the more complicated route.Relying on each owner to report, accurately, their share of rental activity on Schedule E, plus issuing 1098s to the parties not named in the mortgage would be more complicated and more prone to error, especially if it's being undertaken in a DIY manner..I concede a 1065 would be more expensive than DIY tenants in common, however it frees up the owners to pursue higher value activities and provides them greater assurance everything is being done as accurately as possible.If we want to say error is being mitigated by a tax pro doing the returns of the owners in a TIC situation, sure we can say and all agree to that, but IMO the compliance fees for a pro in this situation for all individuals would be higher than that of just engaging a pro for one 1065.

I'm pretty sure the seller doesn't want to concede any more on the price, even with these newfound issues.  

Perhaps I'll concede that for your particular circumstance 50/50 is very fair and we can avoid a lot of useless back and forth.I’ll respond with my concerns, if any.

I concede that 50% is probably not, but when you raise money from investors you give them the worst possible outcome for their money right next to the best outcome.

If you want the property, you're more than likely going to have to concede.

I don't concede, as all the Commercial MLS listing do not support your findings.IMO, Caveat Emptor.

By the way, HUD does concede that we can automatically deny housing to people with convictions for drug manufacture or distribution, but not for simple possession.

Hopefully taking some of air out of his anger by showing I'm conceding on some points. 

I'll concede to some like if I need to buy appliances but my pocket isn't that deep so I can't do like what others do and spend on rehabbing.