I was able to find multiple lenders that would only require 20-25% down payment on a NNN property as long as it was within their banking footprint.  

The county Environmental Dept can help figure out what you are working with there, and what challenges might present themselves , but wells and septic systems are expensive to dig/drill/install/replace, so know what you are getting into there. 3) People often think that because their property is in the south valley or outside of ABQ, or on acreage, that they can do whatever they want with it, but there are usually still CC&Rs that will dictate the type of property, size it needs to be, whether or not a guest house or 2nd dwelling can be added, height restrictions, and so on.

You also want to check the state's database to make sure they don't have the site on their radar for past environmental issues that have not been resolved.

No environmentally conscious person will get behind this as a great new way forward.

Without a outdoor air exchanger you may have environmental issues/air quality.

How about the $10k appraisal fee/environmental report?

Or any other environmental requirements?

Extensive rehab, leaving the original footprint the same.

Did her permit-less remodel change the footprint of the property?

They are renting out the two additional beds on a 3 bed/1 bath home to some responsible seniors, and making plans for further rehabbing, even expanding the foot print of the home over the long term.