[quote=croweblack;62981]
Quote Originally Posted by John View Post

The new owners will have to dump at least 3-4 million in renovations to reopen and make it viable. Dumping that kind of money into a property worth at the most 1-2 million makes it well on its way to abandonment.
Where do you get this figure from, or are you just dumping random nunbers? The units are already furnished. The problem with the Baptist convention was the a/c died. You just send pay a mechanic to repair the rooftop a/c or replace the unit altogether. I don't see that costing anywhere in the millions.