Make sure it is clear that any tenant modification to the lease must be approved PRIOR to move-in.

A 3rd floor addition will not only have structural modifications, but also require mechanical, electrical and plumbing permits.

It is fairly easy to get a loan modification or other alternative to foreclosure (Assuming its Fannie/Freddie, which is still 70% of the market) these days and values are not declining so, its not like we were chasing values down like we were 08-16."

Guellermo,As long as you are current and have made at least 3 months of the CARES Act or modifed payments of the plan you can opt for cash out. 

Among the many real estate hats I wear, or have worn is negotiating short sales and loan modifications.

Will they try to make unapproved modifications to the unit and then leave you with the damage when they move out?

You could make DSCR 1.0 with 30% down in some specifics area with specific house layout (eg: how many bathrooms), there're already so many houses with converted room/garage/adu and so on that I almost don't need to make modification.

During Covid  other loan types got modification deals, not so much with VA loans.Department of Veterans Affairs is going to review every file with one late payment and check the deed, check the fire insurance.

You simply can't effectively work around a spider nest of wiring, piping, ducting, with cramped space to really address vapor installation plus new passive ventilation modification.  

I still have some modifications to design, etc but this is moving really fast.