These borrowers typically have full databases of lender contacts whom they have existing relationships with, so they know who to contact and how to contact them.

And generally were i have seen them used is with free and clear prop not prop with an existing mortgage/trust deed..

You may want to consider really understanding construction on existing built homes and then pivot into using a trusted GC for those new builds.

Any potential or existing Broadstreet investors should be aware that the SEC recently filed a lawsuit against the fund and its principals and asked the court to issue a temporary restraining order, appoint a receiver, and order an asset freeze.

However, it sounds like you are confused about the different types of auctions that exist on Auction.com. 

They're doing the backsplash and electrical + plumbing finishes now. 

The existing lease will dictate acceptable or allowed rental collection methods.

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

10% is not going to exist, 15% still does currently, but it will be very hard to make work considering the current environment. 

I still have one house with some existing K&T.