:PJoel: NOT trying to start a fight (though I don't mind) or an argument here, but I AM one that will call out a person when they over-reach or blow hot air for all to see. 

The organizer information was left off of the other LLCs leaving other property owners to fight a ghost with additional fraudulent mortgages filed, it seems.

the 101st Airborne had taken an entire division to go fight Iraq in 2003.

IRS is fighting hard on these.

Yes theoretically the CD should be recognized in court, but there could be quite a fight about that one.  

You will still have a fight on your hands , the contractors will have some leverage .

Invest back into the property to get a higher rate/occupancy, fight for just being the lowest price and cleanest rental in the area, or explore another exit strategy (sell, MTR, LTR, etc)

Your price point doesn't help either, 300k is not a lot in these markets and at that price point you will be fighting with other locals buying full time houses.

Most are forced into settling or go bankrupt fighting and did nothing.

I'm looking at home equity loans for another rental property we own currently.More than likely, we'll have to put the property back on the market and find some cash to cover the difference between current construction draws and sale price.It's an expensive mistake - but we'll be back again to fight another day.