Marcus Durant it would be best to have a contractor come with you and give you an estimate.

Allot of the people that bought were sold on sucking up the payments for 2 or 3 years and then they could refi and get back to normal life - lo and behold they cannot refi, most of them have payment increases by 10-25% so then they foreclose, values drop and their neighbor cannot refi, he forecloses, values drop again etc.... tumble tumble tumble.

Don't be captain educate-a-LO (kind of like you don't want to be captain save-a-ho).

Lo and behold though, today I was able to sign the final documents for my first substantial HELOC.  

The guy seems nice but just v-e-r-y s-l-o-w at everything.

In other words, it needs to be on your tax returns for 2 yrs.I got the impression that the LO's don't want to deal with complex stuff.

It is NOT as hard to qualify with rental income as borrowers (and some LO's ) think.

What you want to avoid is a company or LO that can't explain how they work, have never done any, shy away from them and don't have a concierge service to handle the HUD Consultants and draws during and after the transaction.

Here's your picture once you filter for that:https://www.redfin.com/city/7006/CO/Fort-Collins/filter/sort=lo-price,property-type=house+condo+townhouse+multifamily,max-price=400k,hoa=100

I spoke to my LO and they said if there is enough equity to cover the cost of selling as well as the amount still unpaid to the mortgage servicer then we can list traditionally and all would be okay.I'm posting here before speaking to a lawyer to ask more about what legal recourse does the owner have.