Every property we have purchased (including the worse timed properties) has appreciated over $1900/month over the hold period (purchased 1992 for $167K, worth ~$820K today, (800-167)/(28*12) >$1.9k/month). 

If you get all three, he either just moved into your area,or just hit a slow period and his bank account is low!

These (and most commercial) loans have pre-payment penalty periods, this one is 5 yrs with a sliding scale down penalties.   

Periodically I send funds back to the Custodian account(s) as it makes sense or as needed. 

Within a reasonable period of time, Landlord will schedule another inspection.

Before we get into that, let me define the difference between a sale and a refinance.Selling: Very simply, what happens in the event of selling the property if the investment performs well is that all investors get their invested capital back, and on top of that a portion of all the profits the property has made in appreciation over the years, depending on how the deal is structured.Refinance: During a refinance, the sponsor aims to return as much of the invested capital back to investors and then keep the property for a longer period of time.

July 1, 2021 to June 30, 2022) versus periodic tenancies (i.e. month to month or year to year) . . . assuming this is correct . .  .

I'm trying to remain patient, as this is their "acquiring properties" period, and I do feel Noelle is trustworthy and knowledgable with A LOT on the line.

@Peter Vander Valk I would encourage to get an extension on the property to have a comfortable time period.

All contractors HVAC or otherwise know to check the furnace filters on any service call and to replace if dirty and charge.We do periodic inspections, one of them by a 3rd party company and they use the punch list to which you're referring.