My questions may seem simple but I fully understand its complexity: what is the best way to make this happen, what direction do you recommend for the refi cash out, what strategy to utilize to help guide me on this journey of educating myself and building confidence through working in notes and multifamily acquisition and ownership?

This will be a cash purchase and since I am on the board I am aware of any issues in the complex. 

I suspect most landlords will just pretend to believe the tenant's obvious excuses and lies and file the truth away for future reference.If only a moron LL would mention that he checked, only an idiot tenant would believe that an LL with a tenant's SSN would never check.There are going to be a LOT of evictions and judgments happening in Pennsylvania when the judicial courts open up.

They're complete information ca be found on the court-mandated form Duties and Liabilities. https://www.courts.ca.gov/docu...Depending on where your located at in the Bay Area you'll have to make a trip to your local county courthouse to view the estate file that should include the form..

With such high incomes you may be better off as a group saving to a higher amount, say 40-60k+ each and syndicate a small/medium apartment complex together.Syndicating apartments may be a better alternative for you since you have so many people together as a group. 

By this time the new tenant is threatening to call Fair Housing Court.   

To report it with the Jp court is $99, then it has to be recorded with the County Clerk’s office.

Purchase price: $3,200,000 Cash invested: $25,000 88 unit apartment complex close to Nashville.

So clearly there's a problem, but on other days there's been no issue so far.It does seem like sooner is better rather than later, but with all the Covid-19 stuff (court closures for enforcing contracts, etc), my friend has been trying to wait a bit for things to stabilize.

Deals are out there they just fast.I stay away from condos because of the HOA and rental rates, There are so many institutional investors building condo complexes which make that market feel saturated.