If you are borrowing the money for the purposes of construction, the lender may require a certified general contractor to oversee or complete the project.Lastly, you might be able to add an extra income stream if you could locate a mechanic who could use the garage and live upstairs in the apartment.

@Noam Tocatly start with mechanicals and work your way out.

If you haven't already, I would create an accurate budget based on what the property will likely need during your intended hold period (such as roof, windows, siding, mechanicals, sewer line, driveway, appliances, plumbing repairs, kitchen and bath upgrades, etc).

Main things mechanically and physically like roof age, furnace age and HWT age as well.

I know it would be extinguished if it were a mechanics lien, medical bill, etc because it was filed after the mortgage and is therefore subordinate, but I don't know about state income tax liens.

That wall you wanted to remove may have a mechanical run or an electrical circuit supplying the entire upstairs (ask me how I know), which could cost an extra few thousand dollars to relocate.

The mechanics are the same so secure funds first for organizations' needs and then do specific properties.

More info can be found online: https://www.irs.gov/forms-pubs...We, as filers of 1099s, need to collect the TIN or SSN from lawyers we pay and those vendors who aren't incorporated and who we paid via any mechanism other than credit card.

Paying it off is not an option.I’m trying to See if there’s a mechanism that will still enable the refinance Wilders Lien in existence.Two lenders told me it can be done as long as title is willing to ensure it, And give them first lane position. so far three title companies were not able to suggest a solution.I was hoping someone here he’s aware of a method to my scenario  can be accomplished.I was hoping someone here he’s aware of a method to my Señora can be accomplished

That's an interesting 'momentum' mechanism that they've built into the rule books, we'll see how that plays out.