Right now I'm over $100 than I wanted but that's fine because once I rent it out fully I know I can cash flow about $500 or more.

The only issue with seller finance and resale is if they don't want to receive a payoff in short order, then they should include a pre-payment penalty. 

One has paused distributions but seems like it'll be fine in the long run.

(most hard money loans require 10-15% down depending on the split between purchase price and rehab). but that is both (1) risky and (2) expensive, as you're paying interest every month on 100% of the borrowed funds. private money is fine, you're just bearing a lot of risk and also involving the relationship in your very first deal. 

- Do you want an ocean view, or is proximity to the water or to resort amenities like fine dining or shops most important?

I don't quite understand why you need to rewrite the lease, it seems to me that what as Nathan said, just adding to the existing lease should be fine

@Julie Garner This contractor texted me after I received the quote to let me know that materials are included.

Best wishesI suggest you double check the updates and fine print, there has been a LOT of changes on margin accounts, seemingly everywhere.

I have already received my preliminary documents from her for my accountant.

We paid $1.775 million for the notes, worked out a modification with the borrower, and received the first 5 monthly payments relatively on time.