Yeah - "Nothing in the last two years" does not suggest that it won't or might not.Seems to me the key failure here was you not being able to better monitor the property.

The penalty for failure will be significant, to put it politely.

I admit i had to skim that novel you wrote, but the only functional use for BTC I could see you giving was buying a pizza in Venezuela .. a country with a completely devalued currency and teetering on the brink of failure. 

One of the biggest things that Pace teaches is to give more than you take in the group and believe me, so many students offer to help those that have not closed their first deal yet, share information/lessons learned and also share their successes as well as their failures - because you can learn from both.Also, this is a LIFETIME membership in a group that supports each other.

The annual failure rates is around 88%.

A couple other tips;you can’t use the renovation loan to finance renovations to the commercial space. only exception is if you need to do repairs to the core structure or mechanicals that are integral to the building (ie, structural work, sewer lines, water mains)Make sure you work with a lender that knows how to do these.

Copper lines usually go bad from acidic water which lets the copper develop pinholes; occasionally you'll have solder joint failure.

Grocapitus record : 50%+ failure rate.

Pay an attorney to write your operating agreement and then you can do the mechanics of the set up your state website as others have suggested.

Assuming you are not subject to rent control, file the Failure to Pay Rent form and start eviction proceedings.