You will recall that your Note allows Norada to convert the outstanding balance owed into equity and that it can redeem that equity in the future by repayment of the Note principal in full.

Look at the values of your 2 properties, consider any outstanding debt, calculate what your payment might look like on a cash out refi, compare that to current or potential rents.

Other than outstanding taxes, and utilities, I don't need to worry about anything else.

Chief Seeks Toss Of Nonperforming Loan SuitThe CEO and manager of multiple mortgage loan servicing companies urged a Washington federal court to throw out a lawsuit accusing the companies of selling a portfolio of loans that weren't outstanding, arguing that the presiding court lacks personal jurisdiction, in part because he's an Illinois resident.

I would not want to invest if I had outstanding debts, too much risk.

The point is that San Francisco RE is likely to do outstanding overs long hold period.  

I do not have my numbers as well organized as @Greg Scott but my estimate is upper 20% annual return on average.The 3 i am currently invested in, one seems likely to produce an outstanding return (High risk, high reward), one is conservative and is performing to projections, and one i have significant concerns about but has not had a capital call.  

If the borrower defaults, the lender can pursue not only the collateral but also the borrower's other assets and income to recover the outstanding amount.

Previous issues that were reported were relatively minor and were addressed a few years ago, so there’s nothing outstanding in that regard.Some title or certificate of occupancy issues can cost tens of thousands to six figures to resolve. 

Outstanding!