I brought a vision to the home that previous owners couldn't see and therefore sold.

This is why many short-term rentals in Las Vegas were sold during the COVID-19 pandemic.

So, now that you got your losses and failures done - and congratulations by the way because I can't think it could go any more wrong - now you can start over.So yes, get those properties sold and do this right this time.

The issue was a person sold their home subject 2 and the person who bought it stopped paying.

Doing research on essential services that a PMC must provide and ensuring that all those items are put down in writing is great advice!

Some townships will require certain items, like an escape window if below grade or a walkout to be installed.

I have recently, about two years ago, sold all my investment properties and now invest with a coinvesting group.

The numbers look solid - you sold for $2.8 million what you bought for $2 million ten years ago.

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

The property will be rented out on a 3-year lease option and will be either sold to the tenant buyer or sold on the market if the tenant decides not to exercise the option.