If they think you are being reasonable with the price and honestly trying I think you will get their cooperation.As an additional strategy of liquidation, have you thought about teaming up with a local builder to help market the lot and his spec home?

I've been dying to do a light rehab in this community because the rents will support the rehab.

Our goal as a team is to get him to where he's putting in funds some day, so it would be good to have a rev share model that will account for the changing investment contributions for future houses.

The RE market is not rebounding (if so, what are the extant catalysts and drivers supporting this naive hope?)

Everyone around me is being supportive which is a huge bonus and is very well needed!

Hopefully you also have some subject to due diligence clause in your contract as well that I would re-iterate in the letter and perhaps point to the material not supporting the sales price.

My goal is to focus on rehabbing, but I also am the agent on my team as well.

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I wouldn't count out partnership as long as I team up with a 20 year vetern general partner that I trust, and I can be a limited partner with cash flow benefits and an equity stake in the building.Right now, I am focusing on my career in finance.

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