Think Indianapolis is a great market for investing - we just released a list of our top 5 markets for BRRRR Investing for 2025 (just an analysis and prediction) and we put Indy at the Number 1 spot

We hope to have it up and running again in the future, but we do not have an ETA for the release at this time. 

Tying the properties together and dealing with partial releases when you sell or refinance one, etc. can all be a headache.

I've always gotten a signed "authorization to release loan info" from the owner on record. 

Have escrow released when the wrap is done and direct-pay the taxes and insurance.

The process would be different if it was a short sale, whereby someone representing home owner would have to deal with bank to get the lien released for less than what is owed by the borrower. 

The below pictures are the outline for the approved plan released by the Alexandria Economic Development Partnership in 2020.

If so, I would definitely consider a shorter-term lease or MTM lease to get you into that period and re-negotiate with the current resident or re-lease it at a higher rate. 

Talk to your tax advisor about how to release your passive activity losses based on your situation.This post does not create a CPA-Client relationship.

Bank would want 20% down (200k) and the State on board prior to releasing funds for buildout.