There may legal events regarding the file which mean we have either bankruptcy or foreclosure issues.  

@Chris Reeves  Not at all my area of expertise.. however I have been around a few syndicators over the years.. and the general partner usually has some pretty good discretion in the event the sunset and subsequent sale is not optimal.And I imagine the sponsor could just go back to the investors for a vote to see what they want to do.I have seen though fixed debt get called in the last GFC... with owners that were on 5 year call notes ... having their notes called because the bank was not in a position to roll it over..

Attend your local REI meeting, or find their page on FB and figure out what banks other investors in your area are using. 

great to be on such educative forum, I would like to attend real estate events in the Baltimore area, just to network & share information with other investors, I'm in the Glen Burnie area, any ideas of upcoming events will be deeply appreciated. 

However, upon receiving my undergrad I have plans on attending Law School specializing in Real Estate. 

I have attended a few seminars about it and spoke with a few turn key providers.

I had my handyman install a removable ceiling in the event we need to access those pipes again. 

In the event we want to scale at a later time, can this be converted to a commercial loan?

Like you I'm terrified but I've been reading, attending webinars, podcast, etc.

It may take a little more money and management but you would have great protection in the event of being sued.