Joe, it looks like you're in Detroit.Lucky for you you're in what I firmly believe is the most unique and interesting market in the country today.Detroit is going through a huge revitalization, most folks don't understand it yet, and properties are still cheap as a result.Start doing your research on the city and making some moves in the city.

Both he and the equity firm he leads (which apparently funds some but not all student deals) are well-respected here at Bigger Pockets.Regarding the recurring theme of experience -- I understand everything that was said by @Brian Burke , @Jay Hinrichs , and others, and it's nothing I haven't thought of before.

It is very unfortunate when firms that deliver such great returns to their investors end up in long-winded lawsuits.You did state that you are "going all in with a bloodied head" when you respond to messages here.

I would advise the tenant's attorney that 1) The first time you heard of any defect in the property was his letter. 2) There was no mold present when his client accepted the leased premises. 3) You have tried to investigate his claims and make any necessary corrections to the property but his client has refused access. 4) Describe your lease terms for early termination - what must be paid, etc.Also Google the attorney and law firm.

In my firm, we underwrite the Sponsor as a company in addition to their individual offerings.

Also, here is our firm's Real Estate Professional webpage... hasn't been updated in a few years.

 Once a person lets earnest money  go hard, they become emotionally attached.If you find yourself in a situation, where there was something majorly different than what you realized, then it is my firm opinion that it is best to let the seller have your earnest money and take stage left.Remember, no deal is better than a bad deal.No, I have not always been the master of that particular principal.

Hey Tanner,Welcome in, its a good idea to build your team as you get started and then being ready to pull the trigger when the right deal comes along.Our firm helps to track down unconventional financing for clients through various hard money/DSCR lenders.

However if you decide to get those new power tools you want on the business credit card and your business is a tax firm like us, its going to be hard to justify to the IRS (and your wife) why it was a valid purchase for tax purposes. 

Your property manager can send the judgement to the collections firm they use.