I don't think there is "most likely scenario".Each note has its own history, behavior and performance.All of the scenarios you mentioned can happen and I run into all of them during the years I am investing in notes, and note status can change on daily basis (a borrower that is working, healthy or married today might change status tomorrow).The tip I can give you is that when you are doing due diligence prior of investing, you should take worst case scenarios and check what will be your profit in such scenarios.If you are well protected and have multiply exit strategies, you will be able to earn even in such scenarios, and of course earn much more in more optimal scenarios.I can tell you 3 things about the note you mentioned - - I like it is a medium term note (13.75 years, not the 20 or 30 years note)- The LTV is very good, so you have good protection here- I think I have read somewhere that statistically there is a higher chance that a note that have once been non-performing will become non-performing again in the future (not sure if this is correct).Good luck,Eran

For a person who has dementia or Alzheimer’s and family cannot take care of them anymore, a memory care facility starts at $7000 per month and can go over $12000 a month if they have behavioral issues.  

I have done flat fees for water/sewer/trash but this is my attempt to change wasteful behavior

I'm not sure what the tenant's behavior has to do with the situation.$20,000 is a relatively small amount.

she has also shown impropriate behaviors inside the kitchen and sharing spaces inside of my home

So the Owner has a track record for bad behavior and is in cahoots with the PM and M.... that changes my perspective.

They really don't want to change their behavior. 

Since I can't change my past behavior, I need to improve going forward.

Basically they're babysitters for the plow guys and being aware of any nefarious behavior behind our property in the parking lot.

This also ties into the situation where I won't be able to afford to keep 4 units as display and rehab four more.In all of these situations,the existing tenants and their behavior exists and if I was to move in with my family, I would love to move into the newly renovated units, but not with that neighborhood.