Certificate of Occupancy

[William Dolinko]

i need to know once i take over the commercial building and start the process of applying for Co for Residence the Tax Assessor told me that taxes can not he changed to Residence taxes until co is Established and i have until march 1 2019. if co is not changed hy march 1 i will have to wait till jan 2020 to reapply for correction in taxes is there a way around this if i dont get co change In time ? FyI below is the deal i also could use some help in figuring out if this is a good deal ?? The rehab is 40k plus architect and converting the C of O back to residence (2family) which will be another 40k so 80k -100k highend. But my brother who I plan on putting in one of the units is disabled veteran in wheelchair so the program he is in will cover the rehab (30k) to convert his unit into wheelchair accessible ,bathroom ,kitchen ,wide doors etc.. 487- list price 100k rehab/ converting 20k closing cost hard money interest -12% plus 2 points I have to put up 10%as well House was appraised as is 570k Based on that info you think it is a good deal? FYI..... also It is a daycare center right now but before that was a single family home so architect said should not be a problem to convert BACK to a two family