Necessity being the mother invention, you may even find it easier to get that team in place by managing your investments at a distance. 

Is the 90-day requirement a necessity?

Don’t worry about the cost it’s a necessity to grow your business! 

If expansion is not a necessity for you at the moment, then I would stay in a holding pattern with your virtually free money.

The #1 necessity is that i have to pay back at least 50% by year end.

I usually tell people just to use it for a necessity, like gas, and then pay it down or off.

Then if you must increase it due to some necessity (e.g., unexpected capital expense), your tenants won't be shocked.

It certainly added more layers of complexity to this deal, especially the necessity of intercreditor agreement before making the loan.I would also add that the per annum rate of return is 40% with minimium investment at $50K. 

CA has definitely moved toward a more tenant friendly environment and a very knowledgeable property manager is a an absolute necessity.

If it is an account that is more or less a necessity (like phone service or car payment or utilities), then that is s bad indicator; if it is for more of a luxury or extravagance or non-necessity (say a department store charge card), then you might be more willing to overlook that; if it is for medical related expense - well, if somebody had no health insurance and required an emergency room visit, that can be a big bill and likely to go unpaid, but one of those things that you should consider ignoring.