Without being able to perform a pretty comprehensive audit on your lender, you would not be able to know.

The plumbing invoice showed very clearly that a full static plumbing test was performed and that the house had all new piping with no indication of leaks.

That way I can know for sure what the numbers are and then I can judge that property's performance of other property I'm looking at purchasing.

@Kody Kilshaw - Unless the LLC has a significant history and performing assets, you will have to personally guarantee the loan (each of you).....  

But after 2 weeks they "let me go" due to failing a CRT screening (strength aptitude test), which is ridiculous because the doctor that performed the test showed me where I needed to score and I did, I passed.

Essentially they are performing their duty and operating as designed.Garbage disposals are notorious for breaking.

On the other hand, having a first position lien on what sounds like a historically performing mortgage vs. second position doesn't seem like it is super beneficial--you have been getting the benefit of the bargain you struck back then.  

@Jeff Filali, I also understood I can sell the note later on as a performing note if I need the cash.

You cannot shift your financial obligation to another person without consent of the party who is owed, this is a unilateral agreement where the lender relies on specific performance of that borrower, they never had an opportunity to safeguard their investment with Joe Blow, this places the note holder in a position of accepting risk they otherwise would not have accepted.

The note is a performing loan.