Bad publicity and ratings will cost them a lot more than a plumbing repair

You'll want to saturate that subfloor with some enzymatic cleaner and possibly some odor blocking paint thereafter if it smells really bad. 

Or can I transfer the money directly from the line of credit to the lender for the down payment?

I don't see 50 50 being a bad thing, but I would keep detailed records so you can look at how the deal turns out.

I don't have as much info as the lender that pre-approved you, but based on the info you've provided and assuming you have decent credit, there's a good chance you can get that rate closer to 6%.

I am by no means saying this is a bad company or even a bad investment, all I am saying is do your own due diligence - all of this information is readily available on the SEC website to review and understand what you are investing in:below is from the SEC website• The Notes are unsecured, general recourse obligations of the Company that will be repaid from the Company’s working capital.

Never a bad idea to look at the comps - this should help give you some direction based on your specific market.

It did, however, clear out some bad actors, so it wasn't all bad.

I sure like the idea of having lines of credit, and using to sweep income from our rentals into the line.  

You can find that in bad areas of Houston, but you're opening yourself up to whole other areas of risks.$200k is your max purchase price or max downpayment funds?