You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property. 

I am about an hour and a half from you in Sheboygan. 

Bigger projects (more than 150 units) have a 90-day eligibility review and a 180-day final approval deadline.

We purchased it off market, as-is, and as it was our personal home, we renovated over time.

I guess be happy it’s only a couple months and a cheap lesson learned?

@Lauren Lewis, also one of our members Barb Mayne hosts a monthly meeting for the Topeka / Lawrence areas - it is on the MAREI Calendar and she also has a facebook group and a group on meetup - eKARI  Eastern Kansas Association of Real Estate Investors.

Reimagined some of the spaces (turned an old pantry into a mud room and a coffee station.

Additionally, your situation is a bit unique as it sounds like you may be living away from your primary residence more often than not, and as such, I also recommend you confirm with a lender whether this situation would qualify for this type of (primary residence) loan.

Our home LLC in ND but it only costs about $100 and a foreign LLC is all our CPA recommended we do.  

If anyone could include what to look out for in a good deal and a bad deal