I’d be very grateful for any advice or recommendations on how best to approach these modifications.Also if I were to refinance in the future to pull out cash from the property, is this something that banks could refuse to lend on if I have code violations of lets say a wall that was moved or removed?

@James Hwang and @Jamie Banks can probably help you here.

Unless they have a builder inn mind and then I can get their builder approved with the bank for that build and future builds.

Hi,If I buy a apartment doing a seller carry back, how do I explain to the seller how they are protected if they carry a 2nd position note subordinate to the bank?

Separate bank account, credit cards, signature blocks for every contract and document you are signing for LLC. 

Our plan is occupy the home as our primary residence.After further digging through the Grantor/Grantee Index it appears that the original lien that is being auctioned is from 2005 and a couple of the banks listed on that original Deed of Trust are now defunct and closed (one is First Franklin).

A jurisdiction has to opt in to AB1033.  

That is what the guru company said to do because the banks cannot tell you that you can use CC to pay off another.

@Rene Hosman with Stessa I was able to connect my banking activity and import all the transaction.

Break Even and Rely on Future Appreciation:If you believe the Lynchburg area is poised for appreciation in the next five years, you could take a hybrid approach—run the property as either an STR or LTR to break even (or get close) while banking on property value increases.