There must have been some sort of plan/agreement.

For our multifamily assets and commercial assets, we have doubled our cleaning frequency and focus.While we do expect rent payment, we also expect there may be some sort of leniency if payment is not made.

The current lender sort of threw a curve ball into the mix a week ago by changing the amortization from 20 years to 15 years.

I just got my license is it better to wait until this gets sorted out before I join a brokerage? 

Before I agreed to this, I asked my attorney if we could write up some sort of penalty if they didn’t finish by then but he advised a builder would never go for it and I caved.

Based on your statement, I'm guessing you don't have reserves for the rentals, so plan for 3 months as worst case scenario.

The tenant sends me a form to fill out and then meets some sort of qualifications with the Trustee.

Is it the worst time to close on investment property ?

Investors can be their own worst enemy when they take hard line stances. 

Worst case, after about $8,000 of legal fees and surveyor expenses and 2 years of your life gone forever, IF you win, the judge will make him buy a small sliver of your land for a cheap price.