If you want more detailed advice, I can provide it.You BEST option is to contact a bankruptcy attorney and find out your other options.

Your best option would be to refinance your loan (if any) and get a construction loan for the improvements.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Have you also looked into other funding options?

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.

I have a STR in the Sullivan County and have been looking for a cleaner but the options seems to be limited in this area. 

I am going to finish the rehab and get it rented then resubmit for a rental loan.I have used Cashcall Mortgage twice and have been very happy with them but Elite seems to be more flexible and have more options so was going to see if they are competitive.

And, perhaps most importantly, make sure you have access to flexible financing options that can help you adapt to new market conditions.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

Sometimes cities will allow this, but it depends on local zoning rules.If neither option works, it might be worth consulting a real estate attorney to explore your options.