In short, just seeing 12 months of expectations being met really eased her (us) into making subsequent purchases.  

Some tenants might object to the development work and the subsequent mini-storage as much as losing the use of the land.

I have a question for Derreck, I am aware of the lead paint law for Mass as I was told about it by Enterprise Bank when I was talking with them about the lead paint, but do you know if that is a requirement for NH?

well your subsequent description of the deal is far different then your original.now I understand it as a tear down.. lot value 50 to 60k  Minus what ever you have to pay to tear down  ( our area 15 to 25k if there is any asbesto's or lead that could double.)so it looks like the value proposition is not a heck of a lot more than the 10k your talking about.your fist post made it sound like a fixer worth north of 100k that U were going to snag for 10k.. big difference.

Will my first mortgage foreclosure take priority and all subsequent liens (including the second mortgage) get wiped out?  

After I graduated, I landed my first few jobs in sales (Gallo Wine and Enterprise) when I soon learned that I wasn't passionate about sales.

As an example, if a building was purchased at $35,000 and rehabbed and subsequently sold for $85,000, do they just use the $85,000 purchase price or will they assess based on the local market and comparables? 

(b) During the second and subsequent years of the lease or during any renewal of the original lease the amount required to be deposited may not exceed one month's rent."

Deli  Halah meat market  and other small enterprises... they were good clients and rock solid on repayment.. 

Thanks for any and all feedback.Greg (GAS Enterprises)