Not all rents but enough that investors lost properties in record numbers.rents in Portland held did not really go up or down.. but Commercial got hammered I remember coming back from my exile in the deed south and going to dinner one night at my favorite Chinese place and the strip mall was 80% dark... go today and its 100% full.. 

Thus, we feel the Property Management company should be held responsible for some if not all the cost of the repairs.  

Welcome @Zach OgleThere's a meet-up held every first Wednesday of the month with the next one scheduled in May.

Look at it from the other side, if you held the first note and there was not a second note on the property - and a borrower QCD the property overTo someone else - the lender does not have a right to collect all its past due payments ?

The NOI (Net operating income) needs to be sufficient to cover the payment and some amount of spread.To make the numbers simple lets pretend the payment on the 50K mortgage is $500/month and the 70K mortgage is 700/month (these are likely high numbers) if the rents minus expenses (excluding mortgage) net out to 750 then the 70K mortgage is pretty risky since there is only a $50 spread and the 50K mortgage is much less risky with a $250K spread. if these numbers held up I wouldnt buy the property at all unless I could get a 60K mortgage with a 600/month payment and have a spread of $150 and 10K in cash reserves. 

I have held every property I purchase for personal use in California.

My next thought following would be, transferring money from an account held under the LLC to the mortgage held personally, is that like transferring money between two individuals?

I also have held off on buying leads much for the reason given above.

Property is held in a pr llc.

I forgot to replace the missing plumbing :-)Held me up a week; lesson learned.