You create tight rules not conditions, these guys lack experience or if they have the experience they are too micro-managing just by reading the OP.I don't work with people like this.

Keep it trim, let her out and find a new tenant capable of paying.Truth is money is tight for a lot of folks and we'll see rental flat line or decrease cause not many can pay these rates anymore.

You should have a 593 form from escrow that they held some money back, and then anything above what escrow holds above and beyond that amount your CPA will calculate to pay next April or October 2025 (depending if you push back the deadline/file extension).

From an agent perspective, an inspection contingency or not and deadlines are usually clearly stated in the contract, to be reviewed before you sign, and you should have a copy for reference.

Hopefully the Sponsor is being very conservative in their returns and this isn't just a tight spread offering in a macro MF environment that is looking precarious. 

Give them a form to fill out if they want to make payments, so there's a clear schedule of how much they need to pay each time and a deadline for when it should be paid in full.

These have deadlines associated with them, so make sure you follow those.

I am assuming you closed through escrow, used a standard real estate contract and met the deadlines described in those agreements.

The market is tight right now, with higher interest rates, limited inventory, and high purchase prices making acquisitions challenging.

Managing the $73,000 renovation budget required careful oversight to stay within financial limits and meet deadlines.