Quote from @Charlie MacPherson: They seem like the textbook definition of time wasters and as an agent, time is your most precious resource.Unless they want to pay you a strong hourly rate for submitting - and let's call them what they are - garbage offers, tell them to lose your number.I am very tempted.

The first commercial option was sold to someone else and we are in escrow for the condo one but ready to fold that deal due to several reasons that have made us lose faith that this is a good investment.

you will lose money.  

You will have some 2 year old furniture that might be of some use, but its a losing proposition in my opinion.

Here’s an instance where the note holder will lose part of their investment.  

But at the end of the day, well located properties in which the owner has ample liquidity to ride out long-term cash flow negative periods, rarely lose money.  

So if someone tells you, it does not matter about liens behind you - it does.There’s one more ; the borrower has increased debt service and when it either turns negative or leaves nothing “in their pocket” they may lose interest in the property, decide to stop paying all mortgages, and put whatever income they can into their pocket until they lose the property to foreclosure or one of the lenders obtains a court order prohibiting such.   

Is it one sided where after acquisition the sponsor has nothing to lose?

From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

By placing more emphasis on the condition of residents’ dwellings, the new inspection model aligns more closely with stakeholder expectations regarding housing quality.