Most importantly, understand the difference between a business purpose and consumer purpose loan.Read my post in this thread, which details our process in actionable terms.

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

You're going to lose your loan from what I understand.

If you like to be risky with your capital maybe try putting it in some index funds, crypto, or stocks that you believe in and understand and then take it out when its made a good return and then use it for the downpayment.  

Let's cut to the chase:  "A tenant is obligated to follow HOA rules, as they are considered residents of the community and must abide by the same restrictions as homeowners, even though they do not own the property; the landlord is responsible for ensuring their tenants understand and comply with the HOA rules. 

Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.

If they understand they need to leave and discuss honestly what they can do to make that happen then you are both working to the same end.

@Stuart Udis I understand the importance of having the funds for repairs, vecancy and any issue that may happen.

This does not involve the utility company meaning that you will still have to go into the property, read the meters, then individually bill each tenant for their usage and understand the bill is still in your name.

Also know that you can't necessarily trust the NOI as presented, you must, must, must run the numbers.Here's a good link to start understanding the basics:http://www.noneman.com/pdfs/White_Paper_Cap_Rates....