Where as same investor buys a stock or mutual fund that tanks and they just chalk it up.. to me there is an irrational thought process that you cant lose money on RE..

Hello,We recently bought this 16 bedroom, 4 bathroom motel type room-in boarding house in a low income area in Syracuse.

Bank would want 20% down (200k) and the State on board prior to releasing funds for buildout.

If you ever want to bounce ideas off someone or need a sounding board for a deal, I’m just a message away.

Floor boards were severely charred and inspector worries there could be damage to framing in parts of the house we can’t see (in fact, that side of the house seems to be sagging anyways, which is worrisome). 

Some banks may lend as a HELOC on the rental property, or refinance it, but you're right you'd have to get your mom on board for that. 

Bankers on board.  

It's at Kalahari, apparently because so many people showed up at the last board meeting to voice their displeasure with the proposal. 

As a former planning board member as well as having done a lot of development both residentially and commercially - I agree with JD.

If they’re not on board with this, you should find someone else.In your case, it’s not too late to try to resolve this.