The alternative is that she sells it to someone else that can buy it today. 

Let's say he paying 5 percent interest and is in a 20 percent tax bracket, and alternative minimum tax is not applicable.

Did however have it warp after a heat treatment for bedbugs..As far as scratches.. 

I feel the same way but they don't seem to mention what the alternative is.The attorney put my address down as the address for the LLC (which is fine), and the address for "Notices".My question: Is there an alternative to giving them my address for mail?

Related to your question about about a personal guarantee, it just makes the loan that much safer by providing some potential alternatives to foreclosure including options like a loan mod. 

Is there a way I can salvage this deal or should I cut my losses and look for an alternative way to get into REI? 

It is surprising to me that none of them want to do Heat Treatment method which I believe is the best method to treat bed bugs.

We finally have a treatment plan set up for my wife so we have a path going forward. 

I must now decline the applications of marginal tenants - and I am looking at having to raise rents in order to increase my capital reserves to cover my risk with the inevitable next eviction.So, to avoid losing all my cash flow for the year on one bad tenant with no "skin in the game" - I'm looking for creative alternatives. 

Alternatively, consider getting a double and air bnb the other half.