An attorney can give his opinion as to what the odds are of the different ways a legal dispute can play out, but it’s the investors decision based on a cost/benefit/ risk analysis to decide how and of to proceed.There’s no way for anyone to render an opinion about what you “should” have done without (1) complete information as to the property being purchased and (2) complete information as to the risk tolerance and financial makeup of your investment group.Here’s my advice - don’t second guess yourself based on opinions of people who (1) don’t possess “all the facts” and (2) probably never acted as sponsors of a syndicated investment.  

When the underwriter has to sift through operating agreements to determine who the members are and struggles to understand who possesses ownership interests that trigger that particular lenders guarantee requirement you are doing yourself more harm than you are good. 

I truly admire the skills you possess.

So, if the next tenant takes possession after 15 days, then the exiting tenant only owes 15 days of rent. 7.

This means the location must possess the right characteristics to attract new businesses.If the city fails to attract new companies, soon only low-paying service sector jobs will remain.

Either way, you need to take the legal steps to obtain exclusive possession. 

We then wholesale it to me, I get a mortgage (I've been pre approved by several companies for 500k) for 400k and take possession as my primary residence, pay back the hard loan, (350 all in for 9 months) and split the difference.

@Ronald RoetselDifferent states have different requirements for what constitutes adverse possession.

But we have a lot of interaction with guests before they ever arrive - we require a photo ID of whomever has booked our house (and the name and info has to match the booking info), a working cell phone number that we will send a test message to by text to confirm it belongs to the guest (or is at least in their possession), and we converse with them to let them know what to expect from us (and if we have any specific concerns we share those as well) - for example, this week if we had anyone scheduled to arrive we would be discussing the incoming hurricane. 

I took possession of the property.However, there is a mortgage from 2002 and a junior mortgage.