So, they just stayed vacant.Income reliability is another major issue.

That really isn't good enough in our opinion.Another option for you is if your property is in a realtively safe area, to install a wi-fi connected smart lock.

Quote from @Locke Tucker: Can you take the loss without completely ruining your finances?

Changing locks and holding contents hostage maybe.

We decided to team up and try to take down our first deal together because they had reliable sponsors to sign on the loan and it seemed like we were working well together, at first at least.During the same time a different student that came through the high pressure three day course with us found a deal and had my partner help him underwrite it.

We came to an arrangement where any sale price over $1 million, minus construction costs, would result in a profit-sharing opportunity.I’m currently trying to determine the After Repair Value (ARV) for the property but am having difficulty finding reliable comparables.

You lock in your interest rate and if rates drop you can prepay at any time and refinance at a lower rate without penalty.If the deal is commercial, whether commercial multifamily (5+ units), office, industrial, self storage, hotel, you name it...the choice becomes far more difficult. 

During our tenure, someone tried unsuccessfully once to drill out the locks on our vending machine and coin changer, but nothing too eventful aside from that.

I'm sure current interest rates are higher than what you have locked in, and properties in an LLC are subject to higher rates.

And yes, any decent PM company should have relationships with reliable eviction attorneys.