This not only adds to the project cost but also a long delay in delivery time.

After industrial hemp was legalized in the 2018 US Farm Bill, hemp building has started to explode in the United States.Hemp is a long-lasting sustainable building material that sequesters 5 tons of CO2 per acre while growing and eliminates toxic landfill-packing petroleum-based waste on the building site. 

Proposal 2:  Sell at market value and prepay 4 years of rent from the proceeds, standard lease terms.

It doesn't take long to learn how to spot a good deal.6.

If the loan gets called, you can not force the sale of the property to cover the wrap unless the borrower has violated the terms of the agreement.

You can find a lot of information from the plan documents, but it might be best to just call the 401k provider and ask them the terms of the loan.

If your looking to purchase long term rentals low crime, proximity to amenities, and good schools all factor into that.

I guess a stupid opening question would be, what strategy is the best for a long distance investor to get started? 

Looking to gain insight and/or partnerships on ground up construction and short term rentals!

It appears the issue was discovered and remediated quickly, so it's doubtful the tenant was exposed to anything in significant amounts or for long periods.