Yes you can do a loan modification.

Kysha McNeal that's interesting about the investor buying 7 buildings to turn into USC housing .I knew a guy that owned several properties that he rented out to students right by USC.I know he had some trouble with the city when he wanted to make some modifications to one of the buildings .

Infrastructure and location are the two most vital aspects to consider. 

Hi BP!I own a 4plex that is currently coming out of forbearance, and need some advice on next steps. I've been offered a loan mod/partial claim by the mortgage company, but there is more than 20% equity in the propert...

I have many resources available to me as I am a licensed agent and have worked in loan modification for the bank and now in the foreclosure department for a loan servicing company.

Modifications that change the layout of the house (i.e. adding or removing walls to create or expand rooms or adding a bathroom)?

I've now shifted to loan modification consulting and I work with a team that does BPO's, trashouts, and lists REO's.

@Brian EastmanI just pulled this from the IRS site:The Internal Revenue Code contains a number of modifications, exclusions, and exceptions to unrelated business income.

One of our cardinal rules is we do not allow tenants to affect modifications to a property.

The amortization, payment, rate and other repayment features would be found in the note only or in a recorded modification agreement.