It sounds like you stand to net (before taxes) about $4.3 million.

Readers should seek professional advice.

However, since you put the asset into an LLC, I am going assume you care about asset protection and further this discussion just a bit.My advice to you is to seek out local banks where much of their business is derived from commercial lending.

I’m here to learn and grow, so any advice or resources you’re willing to share would be incredibly appreciated.

Building a track record and capital is key, and it sounds like you’re off to a great start with Bigger Pockets.

My goal is to invest in properties with 4+ units, as I understand that once you move  into 5+ units, the property is classified as commercial real estate, which comes with different loan guidelines and financing structures, which i am open to.I’m reaching out to this community to seek advice on a few things:Analyzing Deals: What are your go-to strategies for evaluating multifamily opportunities?

Sharing your goals can spark even more helpful advice!

Regarding the advice you've received from others, the best thing to do is to learn your market. 

Does sound like a great way to get sued and lose though.I get where your coming from on that.

You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.