But I've talked extensively with the municipal zoning department, read the code, and I am preparing my case.  

Hi,I am Dylan, I manage an extensive REO portfolio with assets located in 27 states.

Once certain terms of the note are changed such as maturity date, balance or an increase in payment the modification is considered a new extension of credit and is subject to certain regulations which govern the extension of credit.- The creation of a new "note" would mean the satisfaction and release of the prior security instrument.  

The money from the hard money lender was not going to be available in time to meet the seller's deadline (I'd already paid him $500 for a two-week extension), so I cashed in my IRA and borrowed money from my parents to buy the house.

I have been doing an extensive amount of research and I am also new to the real estate business.

Last week we had a contractor add on a 10ft extension to our driveway.

Previous project management experience, networking extensively, and estimating everything conservatively have served us well so far, but that will vary from person to person.

If you invest in a value-add deal you may have it all turned around and refinanced in 12-18 months and then use the refi proceeds to pay the taxes which will only be due in April of the next year or even further out if you file for extension.

(This from someone who has looked extensively into using 401(K) funds for REI.)

I am on Bigger Pockets to learn how to turn my extensive contacts and vast experience in Insurance industry and ministry into a lucrative Real Estate empire one step at a time.