I never heard why but a big name local developer bought that land and the plans so I'm excited to see what he does. 

Understand Local Laws:Familiarize yourself with local landlord-tenant laws to ensure you comply with all regulations.

I called a successful investor I met at local meetups who helped me walk the property (first time for me) and estimate a rehab budget so I can run the numbers and figure out what I can offer in the current market.

Also, I will need some direction to this local market.

Mortgage is with a local bank in a small town that the business uses so they would likely notice this change.If the bank calls the due on sale clause could I refinance at that point?

I'm currently looking for a multi family (2-4) in my local market: Trenton, NJ.

Here’s what you should do next:Check the Lease: Look at your lease for rules on early termination and notice periods.Document Everything: Take photos or videos of the property to document its condition.Send Final Accounting: Prepare a final accounting of the security deposit, showing any deductions for unpaid rent or damages, and send it to the tenant’s last known address.Re-rent the Property: Start looking for new tenants immediately to minimize your financial loss.Consider Legal Action: If the deposit doesn’t cover what they owe, you can take them to small claims court.Keep Records: Save all communication with the tenant, like texts and emails.Get Legal Advice: Consulting a local attorney who specializes in landlord-tenant law might be helpful.Best of luck getting this resolved.Carlos

If you are in California-look up your local laws. 

Remember, even your regular 401k/IRA money when you eventually take money out, will cost you a decent chunk of change for income taxes (oh, and state and local too depending on where you live).

Research the local regulations.