The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?

Are there other legal or financial consequences I should be aware of?

There are some legal considerations as well as practical considerations 1.  

It may be too late.yup stop payment.. also for future reference if you cant pay cash for these kind of educational events don't do it.how are you going to do business if you have to charge this to even get started.. this is the very thing that really bugs me about the real estate education sector in the US>. talking people to go into credit card debt when they know full well only 10% or less of folks that try this or any kind of wholesaling / flipping/ notes / lending etc will do anything .. and especially if you have no capital.

.: Some of you have reached out to me to see if we can connect on zoom or other means to pursue legal options.

If that does not go in my favor I may need to seek legal counsel.

I don't want them coming after me legally if I sell.

The income doesn't really cover expenses plus debt service. 

If you take a loan to pay for your mother-in-law you are taking on that debt in your name.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.