You as the mortgage note owner could continue on with the foreclosure, get a 'Deed in Lieu of Foreclosure' or modify the loan.

I'd join a class action suit, however, getting judges to agree (since in OR a lot get appointed by the government) is going to be a hard push and they'll find every excuse not to stop it.Kinda funny, how if in OR, we want to get PERS benefits modified since it's bankrupting us, we get the ongoing "sacredness" of contracts argument and that we can't make ANY changes.Someone should remind them a lease is a contract also since it creates legally enforceable obligations.

How would the refinancing of the modified property work in the future?

They are the experts-thats why we pay them through our nose -more than 25 K -and he refuses to modify a mistake he made that was pointed to by the contractor As many have attested to in this thread (Architects included), typically Architects do not do plumbing drawings.

But for some reason everything is solar solar solar vs how to modify a generac to hydrogen. 

If I refinance in the future, will I need to modify my ownership structure?

If you have any ideas of buying, modifying a note and/or selling them, or not using your own assets to acquire them you'd be in the business which will require you to go through registration or brokerage requirements.

Regarding BRRRR, this is a tough strategy today due to interest rates, if you did a modified BRRRR and bought a property and renovated it and house hacked it that could do very well for you. 

As your Modified Adjusted Gross Income (MAGI) increases, the amount of rental losses you can offset against your ordinary income phases out.

I know as the Lender, I always have the option to modify things but the NoD helps set the stage if the borrower doesn't act or respond in a way I feel is beneficial to getting the project across the finish line and me my capital back.