I will list it for sale in MLS once the move out inspections have been performed by the PM and make ready(if any) is completed.

I already filed the memorandum with the court house the first time he flaked, and now my lawyer sent a letter threatening to sue for specific performance.

I listed it on VRBO and AirBnB while I was away on deployment, and after I saw how well it performed I decided to keep it as a vacation rental.

Disclaimer: The information provided here is for educational purposes only, past performance is never a guarantee of future performance.

In addition to losing your deposit, you may possibly be sued to either perform or for damages.

Staying focused on the MOST IMPORTANT task is key. 

Questions like this are exactly why you should have an experienced agent representing you and watching out for your interests.A title search performed by a title company or real estate law firm determines the vested owner, the liens or other judgements on the property, the loans on the property and the property taxes due.

If he doesn't perform it's a lot easier for the PM company to let him go than you. 

Lenders (goog ones at least) base their approval for a short payoff based on upb AND will even go  below that amount if the loan performed long enough at a decent %.In this case it seems that $280,000k is the unpaid principal amount, a round number like that tells me this might be an interest only loan?

If you are confident in the performance of the property then if possible pay cash.