OK, one last one here, I haven't posted in a while so I think I have a bit of room left here, please DO NOT let my comments discourage you at all, I'm just saying to have a plan as far as dealing with the municipal officials you'll be undoubtedly dealing with and I mean put some time and good thought into it, its huge! 

To this day, the eviction has yet to be officially served/adjudicated by the sheriff's department.Question: What are the rights of a squatter? 

If I simply just wait the 120 days, is this still the same form that I'll need to fill out so I can get the certificate recorded to the county - official records?

@Justin Herrington This big announcement got past me when you first made it.  

Here’s a little bit about me.I officially began my real estate journey back in 1978, when I became a licensed broker.

Hi Kara, welcome to BP officially!

Greetings Biggerpocket folks, this is my first official post!

Even if you could get the 2nd lender to officially write-off 90% of their owed funds, that will still mean you are paying more for the property than the 70% investment 'rule' mandates.  

I'd be drawing a hard line with these tenants, with an official company letter notifying them of their breaking the lease terms by operating space heaters in your property, I'd also be pursuing having them pay for the electrical problems you're paying for or at least notifying them that you're examining the issue and will be deciding whether they are liable for the damages.Next time, next winter, or next month you could be instead answering the phone from the fire dept that your property burned down or the police that a tenant died or were injured in a house fire caused by space heaters that they have used because the landlord never said the couldn't, no record exists of you denying their use and then the next call is from someone's attorney suing you for a wrongful death, based on the precedent that at one time they had to use them because you admitted or inferred that there was a heating issue with the property due to them contacting you about an excessively high heating bill and at that time you were pursuing all sorts of corrections to the problem.Instead I'd be telling the tenants there is nothing wrong with the place, stop opening the windows and space heaters aren't allowed.I can't tell you the amount of tenants who have tried to tell me what was wrong with something based on a symptom.

Sorry if this is a dumb question..Txs Kevin,  The articles of organization is your official filing document.