I wouldn't ruin my credit for 250 bucks a month.I highly doubt it would take 10 years to reach a payoff you could handle.A residential recovery and workout of toxic loans is at max about 3 years away on a national level with some areas performing and recovering much faster.Why not go to the bank and say rents have gone down and I am struggling.Ask for them to renew the next time at 3 or 4% interest.That will make the gap smaller and go up in rent just a little but not much.Yes insolvency will wipe out any 1099 phantom gain as long as your liabilities exceed your assets.Most local banks all have you sign a personal guarantee.They consider it YOUR WORD as a vice president has told me that you will honor your contract (one of my clients short selling an apartment).The bank said at that time they DID NOT want to short sale and favored instead writing the interest rate down and extending the loan another year at a frozen rate and see what happens.Banks do not want to DUMP everything like people believe.They only cut out properties they see as having no chance of a recovery in the future or a liability if the took back (war zone,environmental issues).In that case they will usually sell the note if it has environmental issues or they don't want to foreclose.I would try the options I have above instead of ruining credit.

So the $200 median isn't a big deal compared to the fines that have been issued already; all you need is one environmental activist to report you to end up paying dearly in fines.My main issue with this is the burdens that go with performing work in a compliant manner.

------------------Tenant is allowed to install a storage shed at the Tenants expense under the following conditions:•Storage shed will be Tenants personal property.•Tenant agrees to remove all parts of shed, including any foundation materials, within 30 days of the expiration/ termination of the lease.•In the event that Tenant does not remove the shed within 30 days of lease expiration/termination, the shed shall become the property of the Landlord with NO compensation to the tenant for the sheds value.•Landlord’s insurance will NOT extend to the storage shed or shed’s contents.•Footprint of shed will not exceed 230sqft.

They don't build the roads, run the utilities, do the subdivision permitting, handle the stormwater design, environmental issues, zoning, grading, or anything else that goes into building a residential subdvision.There is a huge amount of expense involved with getting a site "pad ready" for a builders like these and unfortunately there are no "rules of thumb" that are going to let you quickly estimate what this is going to cost.You have a lot of due diligence to do my friend before you go down this road.For starters,Is the land even zoned to build these single family homes on it?

Here's the question: WHAT TEMPERATURE ARE THE ENVIRONMENTAL WACKOS SHOOTING FOR?

I realize that isn't my personal experience but I believe that success leaves footprints and I would be using your footprints especially to create my own success.

Environmental studies might be required, too.

Entitlements is essentially getting permission from the municipality to build what you want on a site with regards to use, density, building height, setbacks, traffic impacts and environmental issues.

The property has a footprint that lends to further development.

Finally, mold is an environmental issue and would not be covered under any insurance policies that I am aware of.