I’m willing to bet you’ve done a lot of research about wholesaling, flipping, etc. but still feel lacking in experience and knowledge.  

I bet title was in the name of the company and each investor got their interest in a partial assignment.. we used to do 104.1 endorsements. 

But I am not betting on that.

So, you can add SEC violations to the list of things he did wrong.Since you now have the notes in your possession and are actively working them, that might have changed now however, I would bet that if you contacted the SEC and told them this story, they would probably take action.

Someone local, who knows the area and how properties move is the best bet for the most accurate answer for you. 

I bet you have come close to setting a record for a student starting from scratch and doing 16 deals in 6 months..

I agree though with everyone, best bet is to buy him out asap so you can do what you want with it to upgrade it and then decide.

Obviously I don't know where exactly your property is, but even if it's south of the sports arenas (which can be pretty rough), it will worth it in the long term. 

I think it’s a long road.I’d just be willing to bet handsomely that occupancy is a huge challenge, revPAR suffers, and asset values fall in many STR markets over the next few years, and fear that the Smokies may have among the highest risk.

DSCR is your best bet.