Or do you have to use a 3rd party site to keep them updated and then spend more? 

It's better to be honest with your current lender and all parties involved in the transaction, than to risk losing your EMD and falling out with lender Bs false promises.

I would hope that the BOA meeting would tilt in your favor considering the error on their part. I

This will avoid the asset having to go through probate and any 3rd party (family) related issues.3. 

I have never seen any financial statements or documents or 3rd party audits etc.  

The tricky part is that if we hold onto it , we surely will be in the red if we decided to rent it out.

Hey @Rich O'Brien, late to the party here but curious to see if you were able to find a way out of your tough situation.

It's not illegal provided you're dislosing it to all parties and not trying to actively hid it.

SignaturesThis Agreement is binding upon the parties and their successors.Contractor Signature:[Printed Name] [Date]Subcontractor Signature:[Printed Name] [Date]AttachmentsScope of Work document.Project drawings/plans.Proof of insurance and licenses.Payment schedule.Note: This template is for informational purposes only and should be reviewed by a legal professional to ensure compliance with local laws and regulations.

Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.