Any insight to my mis-steps in logic or experience you've had in a similar situation would be greatly appreciated. 

These steps will disturb tiny asbestos fibers and may release them into the air.

If everyone would take these steps, and hold the tenants accountable for some of the unbelievable damages they can cause with impunity, there would be a reduction in the number of "bad" tenants, IMO.

@Mike Dorneman You may want to step back from investing and get back to educating.

As someone wobbling before their 1st investing baby steps this question isn't a top priority, but following 'begin with the end in mind' (and because I like to follow odd tangents)...Everyone has their personal plan, a unique goal.

Wave Accounting is a good free alternative and eventually when you scale up; the transfer to QBO or Xero is relatively painless if you just do an opening balance JE or other methods.

4) If bank were to foreclose on this property what method would they use to remove this lien?

The bigger companies tend to do more research and are more slow and methodical in their decision making process.As an example for retail even if you get Starbucks wanting to go on a retail site from the first time contacting it can be 6 months or longer before they open in the space.

What seemed impossible a year ago has come to fruition, and it's the small steps you are taking now that will lead you on your journey. 

Probably a good one to pass on as a 1st deal but want to be able to take the next step....next time.