The process is easy:1) You’ll receive a disarmingly simple one-inch-thick three-ring binder containing your plan documents.

I'd start the refinance process right away, or just pay it off, or sell. 

I suppose he'll either learn to stay out of trouble or implode.  

You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process. 

Find out if you can not renew their lease and what the process is. 

The biggest lesson, which I learned early on: get clear on the type of property you want to buy, then tell everyone over and over again.

Over time, I learned a lot about what works (and what doesn’t) for new investors.1.

Even if it passes, what's the process?

Check with an SEC attorney to learn where this line is drawn.

Needless to say a bit frustrating but I learned a lot through the process.