In addition to losing your deposit, you may possibly be sued to either perform or for damages.

If you want to do extensive rehabs like a gut remodel of a kitchen or bathroom, then you just need to make the units vacant no matter what the tenant situation is. 

Questions like this are exactly why you should have an experienced agent representing you and watching out for your interests.A title search performed by a title company or real estate law firm determines the vested owner, the liens or other judgements on the property, the loans on the property and the property taxes due.

If he doesn't perform it's a lot easier for the PM company to let him go than you. 

Lenders (goog ones at least) base their approval for a short payoff based on upb AND will even go  below that amount if the loan performed long enough at a decent %.In this case it seems that $280,000k is the unpaid principal amount, a round number like that tells me this might be an interest only loan?

If you are confident in the performance of the property then if possible pay cash.

Willing participants work when they want, can perform when they want, and choose what services they offer.

I did a extensive amount of research on note investing and wanted to see if anyone would be willing to share their knowledge with me on my first note purchase, which I aim to do within the next 30 days; holding me to a strict timeline will force me to take the leap of faith.

They are performing very well coming out of the pandemic and cash flow great.

It probably got trampled during the entire process.Your order of performing some tasks were off but I'm sure you figured that out by now.