Originally posted by @Thomas McLaurin:The kitchen photos show only a single basin sink.To what advantage is that when all the kitchen sinks in the past have been a twin basin.

This often comes as a huge surprise very late in the process of a sale.Sure, the title company may have screwed up (they may have even listened to the borrower assuring them no, I don't have a 2nd) but ultimately the debt is for the original borrower to pay.

If it was originated recently an option would be to have them refinance it - but if it’s a low interest rate then they will most likely want to keep itWhat does your operating agreement say about this?

Assuming you got that loan with no origination, underwriting, appraisal or other fees/costs. 

We've had it happen before, nothing major, but just some extra money we weren't originally planning on spending to turn a unit. 

Originally posted by @Mike Jacobson:We sold our hotel in the spring of 2018. 

I’ve had to evict the original tenants, got rid of a roach infestation, and the electrical seems iffy.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Quote from @Stuart Udis: Have done over $15,000,000 in originations in the past 9 months and likely originating an additional $5,000,000 before end of year.

So I obtained the original survey of the home when it was built and at different points when it was sold (I was fortunate in that family had owned it before me and I was able to do the research to get to all of those surveys).