Posted by Bud Branstetter on March 13, 1999 at 11:56:16:
I don’t know if there is a deal here or not but it sounds like you are quiting. Dealing with the other owners may be a hassle but what is it that they want. Maybe a lease option to manage the place with credits building up. Educate them what the place is really worth. If you can get some of them to owner carry you can do a note deal to cash out the others. If the utilities alone made a difference on cash flow, either the rents are way to low or you are paying to much.
If you are trying to make cash to live on, flips and L/O on SFR is much more liquid.