Here's the monetary info:Purchase price of land: 50,000Attorney, closing, other fees: 11,200Construction cost: $900,000ARV: 1,800,000-2,200,000Zoning: 2 units seeking relief for 4 units4500 sqft lotWould love any possible!

Living on-site in an ADU and renting out the upstairs is completely legal and will not jeopardize either your Class 1 Residential assessment, your homestead exemption, or any senior property tax relief you may be qualified for.There are some local architects who have ADU experience; you might find some recommendations at the DC-based CSG's ADU forum.

After meeting with the local neighborhood association for your property, the Zoning Board would have a hearing to decide whether to grant relief from the zoning code to allow a duplex on your property.You are right that you would likely need a floor plan of the property in either situation.

If you can make some kind of connection with the seller, whether over sports or a current event, you may be the welcome relief he or she needed to distract from the circumstances of the pending sale.Be RealisticHomeowners need a very clear understanding of what to expect next.

Two additional things I would give thought to: first, with a 30 year mortgage you can always decide to make extra principal payments if your circumstances permit and thereby shorten the term, but with a 15 year mortgage you cannot unilaterally reduce payments to lengthen the term if your circumstances require cash flow relief.

(Baltimore home owners have gotten relief this way)  The squeaky wheel get the oil.

So what will happen when I turn up to the court, and I do not have that proof from the official "Servicemembers civil relief act" website. 

An additional 839,563 people applied for benefits last week through a temporary federal-relief program.

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

It was a bit of a relief to be honest because my assumptions were pretty aggressive and I’m not sure I would have gotten the return I was targeting at the price the park ended up selling for.