And should I          wait until the loan modification is complete before going to closing so as not to trigger          the DOSC.

Where are you looking to invest.This website will prove to be vital in your education. 

By the way, I am pretty small time compared to many on BP, but so far, all of my properties are conventional loans and I have a very small W2 income, but it has been vital to my growth.

Compensation may be allowed to borrowers who got skinned in sub-prime loansNew compliance requirements for lenders, in origination, modification, servicing, compensation, servicing and property retentionGee, I think that pretty much covers it, besides the state requirements. 

He failed to uncover my motivation and vital information about the equity in the building.

However, he also showed the secret to fix the paper by modifing the term.

Meanwhile they said they "paused" the foreclosure because he filed for a loan modification.

However just understand that if equity is missing it simply removes an avenue of exit from the deal for you, meaning you cannot really "force" the borrower to resume payments, although he likely will if the modification makes financial sense.Don't let the fact the borrower completed a BK chapter 7 scare you.

Check this out... http://www.seattle.gov/dpd/permits/permittypes/constructionestablishinguse/default.htmIf there are substantial modifications to the existing building that need to be completed than you may need a whole building permit...http://www.seattle.gov/dpd/permits/permittypes/constructionaddalt/default.htmIt is hard to quantify the risks. 

Good Communicator: Communication is vital in any meeting.