Hi,My in-laws have signed a promissory note to privately loan $60k to the buyer of their restaurant over the course of 2 years at an interest rate of 5.4%.

The other motel shut its doors 2 years ago. 

You do not run a charity, and if he needs help paying rent(which should not be for much longer, shut down will end eventually), let him figure that out.  

but you know painting the windows shut other dumb @$$ stuff they do.. 

The water has to be shut off for 8 hours because the location is saturated with water and needs extra time. 

@Ivan SarabiaIf your lease states they are responsible for paying their own utilities then I would do the following:Call the utilities company and remove my name from them.Give the date the utilities will be shut off to your tenant.If they choose to live without electricity and gas for heat I guess that would be their choice.Look up what your state law is about water service.Good Luck!

My market is struggling right now, primarily due to the energy industry shut-down under Obama.

I own a restaurant which I currently take no income from at all, so FHA etc wasn't an option for me.

At least it is the true in our county and in regards to restaurants and getting the COO from the city.

When I'm done getting the info I need I'll likely shut the account down and use an alternate BP account I have.3 - 4c... such great info.