The “I helped the seller by a sub to purchase” and the “you screwed the seller by a sub to purchase” are both correct AND incorrect.Because it depends on whether the seller was provided with a full disclosure of the ramifications and possible consequences of entering into a sub to transaction; whether the seller is mentally competent to understand the ramifications and consequences, and whether the transaction is accomplished without lying to the lender.

Does anyone have specific reference that gives clarity to this situation?

Call a meeting, bring clarity, and press them on the terms you both agreed to.

All but 1 tenant had to be evicted, was arrested, or went missing due to mental illness. 

I think dismissing potential ideas on the basis of them being too complicated is an awful mentality and I would rather know exactly why it wouldn't work or a path that would make it work and then decide for ourselves if it's worth it or not based on the steps it would take.

@Chris Yeung  @Julian Buick  @Steve MorrisGood morning gentleman.Just to provide clarity in this post, there are three (3) separate companies: 1) Norada Real Estate Investments2) Norada Real Estate Funding3) Norada Capital ManagementThe Promissory Notes you're referring to belong to Norada Capital Management.

Mentally not an option.Had my current caretaker trim this stub with a chainsaw and send the pictures as an example.This limb should have been trimmed when this tree was around 2 to 5 years old. 

We did some of the first deals for Nav when they were in a Menlo Park incubator.. they grew so fast and there was such a herd mentality with crowd fund investors Navs staff would tell me the same thing any deal put up would be subscribed within hours..  

Seeking some clarity.

Without clear direction, we lack clarity!