So at that point you have an unsecured note and your recourse is to sue on the note if they wont pay.. and or sue for fraud if they never gave your security but inticed you to make this loan saying there would be security.. so as to not throw your borrower under the bus here you may not be fully aware of what deal you actually made.hope this helps giving you next step but if its a significant amount of money I would get a consult with a RE attorney.

Im not going to point fingers or throw anyone under the bus.

Splits on MF are typical of min 2% management (throw in acquisition as well) - also what is that on ?

This may or may not be helpful, but for the sake of throwing all the info on the table to keep this guy in jail, I thought I would chime back in. 

They are all throwing their money away.

Never throw your city into a conversation about another city.

I do have stocks that I could liquidate to throw at the principle but they have been performing great lately and I’d rather use those funds down the road as another down payment on a future property.Any advice appreciated Christian

If he’s averaging 10k of extra available cash every month that’s only saving about $1k annually vs throwing that at conventional inefficiently at end of month.

And my landlord threatened a countersuit as well...my uncle lawyer told me it was nothing but a scare tactic, and any reasonable judge would throw something like that out without question. 

I want to throw my 2 cents in on  this.