Your only recourse is as to the individual borrower, IF they executed a personal guarantee at the time of the loan origination.   

I guess I’m lucky that I don’t have to deal with an FBO - I only have to deal with the city.Here’s a funny experience: just today I was reading an article from Auburn, WA where they have an 84 person waiting list and the city is creating an opportunity to build more hangars.https://www.auburn-reporter.co...I think the US and Europe aviation markets are on an upward trajectory and with the UAM markets picking up steam, Airport Development is going to be lucrative.I’m just trying to get my first hangar project started so I can do more of them.  

Personally, I would like more flexibility in compensation as it often could make up the difference in parties reaching amicable terms.

I just made a post in that category as well that I'd like to learn about buying lots that are R-2/R-3 and splitting them and selling off all but one to build on personally...

I would like to transfer this property from my personal name to my LLC. 

@Brett Ford the cost of replacing them makes me nervous, but I don't have any personal experience

As mentioned above if you look hard enough you can find the 1% rule with a value add, just make sure you get the right person to help you out whether it be a wholesaler, an agent that invests themselves, or even another investor that you meet. 

Traffic can be much worse than downtown though.IMO, you just gotta figure out what kind of person you want to rent to.

Personally,  I hate selling unless I am 1031ing beacause who likes paying taxes?

The seller is just a pass through person to disperse the payments, in a way.