Factor that into your next BRRR.I call BS on a contractor threatening to report their own work to the city... they'd be cutting off their nose to spite their face.

No SE taxes, you just use schedule E for filing taxes unless you are providing substantial services.

They are going to deny it but if you smell it as well trust your nose and out they go.  

Dolores, I do not care for the word "bird dog", a bird dog is a small short legged dog with a cold nose and a tail that lets you know he loves you.I don't like to call people who are going to help me make money in the real estate business as  "dogs" or bird dogs.I like to refer to them as "Locators".

100% financing from a HML is very rare and if you do get it you will pay through the nose for it. 

Cash outs on fractured, non-conforming condos can be very difficult.

Otherwise I'd just ride it out if they're asking for a reasonable extension, and you think they'll be able to resolve whatever the issue is.If it were me, I'd be cautious about biting off my nose to spite my face by walking away. 

Although I am new to this I have been fortunate and blessed to have played in the NFL and now be afforded the free time to research, read books, audiobooks and attend seminars you name it I have tried to get my nose in it.

My banker was happy to see me dirt and all.One thing that has never failed me is the SNOTTY NOSE.

@Aaron Nelson they are likely paying out the nose at some local hotel and are looking for more economical options.