Posted by Bruce on April 25, 2006 at 14:05:09:
Don`t feel depressed! These are other peoples problems but they may be your opportunity.I would develop some a relationship with the PM and ask him if there are problems with the collecting of rent and turnover of tenants and other negative factors. If all these people are paying I would guess that the park is not likely to go under. No matter size of the write off nobody wants to take a monetary loss for a tax gain. If nothing else perhaps this is enough of an aggravation that he wants to sell it to you. You already own 25% of the homes in the park.If he is as well placed as you imply, he might carry some paper for you. Hope you are over your depression now.