One large component of their business model is to acquire distressed mortgage debt then foreclose and resell the property as REO on the open market.Due to moratoriums on both foreclosures and evictions, as I understand it, AHP is essentially experiencing a log jam on the back end of their exit cycle to recover investor capital and profit.

There are various other items that may come up such as: Proper firewall suppression, adequate entrances/exits for fire safety, stair safety, size of kitchen appliances, etc... for my specific example. 

Why did you decide to exit out of a laundromat after holding it for a short period of time and putting in all that time and effort?  

But in the end/exit , the deal tends to be more important.Sanjay, this is a phrase I'm often repeating on podcasts, in my book, and here in the forums:A good sponsor can deliver the best possible outcome in the face of adversity, and a bad sponsor can screw up a perfectly good real estate deal.  

Investors gain access to a flexible secondary market where they can sell their rights if they want to exit.

You'll notice in these subto assumption deals the length of the exit, the risk curve will get very sharp on you. 

Do you ave 2-4 lenders that you've built relationships with and do you understand their terms for purchasing the land and the construction loan and the exit strategies if you need to hold the home a while before you sell to a buyer? 

There are many horror stories on collecting for damages from OTAs including a current thread on BP where guest left doors and windows open upon exit that resulted in frozen pipes.  

I would be interested in a one year note that I can exit before it all collapses.  

I remember hard money being needed in some of these situations where long term financing isn’t possible to qualify for the situation for whatever reason and once an investment property is stabilized (you can structure your deal however needed to get funding such as investment property vs primary residence) then you can exit the temporary financing with a refinance.