Originally posted by @David To:So myself, my attorney and the tenant's attorney have come to an agreement.

I assume you meant, regardless whether the person named in the note actually lends their own money, it's still owed to them because the agreement is binding. 

For deals I do, I try to write in under the inspection section in the purchase agreement, “any and all recommend by home inspector including but not limited to inspections checked no above.”

Don’tsign a Non Compete Agreement.

It’s humbing and frustrating, but it also teaches you those guardrails you’ll want next time.. like thorough screening, a solid lease agreement that sets ground rules upfront, and maybe even setting aside a bit more cushion in reserves.Chicago’s got plenty of investor-friendly pockets.

You would have to go after the one individual for non-payment and you could only remove the other three by going through the legal process like you would for someone on a verbal agreement, which puts you in a he-said, she-said situation. 

If not, I'm guessing it would be treated as a traditional rental loan, either conventional or DSCR, using market rents rather than the rent in the lease agreement.

We don't sucker people into "handcuff" agreements.

How is PM charging you if the agreement is over?

However, another factor was that the septic tank was shared with the neighbor and there were no written agreements in place as to who was responsible for expenses.