My lease specifically states tenant responsibility to reduce the risk of mold and holds them liable for causing it.At this point, you let one kid out of the lease, so that probably made things worse and lead to the other parents believing their kids should not be there. 

Hi @Chris Mason narrowing down an strategy is exactly what I'm trying to do that's why I need to gain more knowledge about this subject, I'm a very analytical person and just like playing chess I like to analyze all the scenarios, always thinking 1,2,3,4,5 steps ahead then set up all my pieces  in place and then go for the checkmate (In this case landing a good deal, lowering my risks and maximizing the profit or cash on cash ROI). 

few things come to mind.most that don't take action  frankly don't  have the capital to take action.. especially in the note space.. were its cash and carry..

If they currently meet your (hopefully written) tenant criteria, you should let them rent from you, otherwise you risk a fair housing violation.   

The alternative for me was not to buy the properties and make nothing.you always run the risk that they decide not to renew.. this is what took down so many investors in 08.. when all banks decided NOT to renew.. keep that in mind.. not predicting it or anything like that .. but a note due in 5 years is due and its the banks discretion to renew.. not an obligation to renew.

I'm a newbie in MF so I know of this confusion firsthand.I have pointed this out a few times but your weighing in on it sure carries a whole heck of a lot more weight!

Her LLC was just created back in December 2017, and she is listed as the registered agent, although the property (albeit a physical address) listed as the LLC's mailing address, does not show that she is the owner (could be renting).Surely a realtor with a track record wouldn't risk jeopardize her name for a measly $12k right?

Educate yourself, know the risks, and move forward.Good luck out there. 

I guess when sued a shared account ties the assets putting your personal funds and assets at risk.  

Condo-tel are high risk.