There are no rules that a borrower gets a loan mod for the asking...or that all borrowers are eligible for a loan mod but, if a lender offers a loan mod as an option, and IF a borrower IS eligible, there are rules that prohibit the lender from not offering one.For a loan modification to be considered, there needs to be documentable income sufficient to service the debt at a subsidized rate/term.

  :)   If some of my lookie-loos want more square footage than 816 sqft, I'm happy to send them your way  (and if some of your lookie-loos want a bigger yard or a third sleeping room, I've got that down the street) ;) 

Probably something around 150-200 sq ft would be sufficient. 

"In one private letter ruling (PLR 8429039), the IRS stated that a minimum holding period of two years would be sufficient.

This was determined to be not sufficient to carry out the demands levied against the service so the USMC numbers have been growing over the past few years and thought it appears to change yearly, the actual authorized manning numbers are approved and projected forward several years so any short term war/crisis will have to be handled with current manning and reserves.

Whether grandfathered or not I'd consider redoing it so I could sleep well at night knowing you have a safe house!

We also charge 20% of gross but I like to be on the lesser side so that the owner makes more and we also strive to get the highest nightly rate that we can for our owners and optimize their properties for max ROI so 20% is sufficient for us at this point.

Once the property value increases sufficiently you either refinance or sell.

This would indicate your project would have sufficient demand to keep it full. 

I have a self-directed IRA and we have found a property that I need to rehab as my self-directed IRA does not have sufficient funds I have entered into a partnership with an individual and we are going to go 50 50.