This is different than being a certificate holder & the distinction between certificate holder and additional insured is significant3.

Keeping with the 4 plex scenario, State funding via MEDC pitching in 50% of that 1M  (500k) once the Certificate of occupancy is received.

Additionally, I’m considering converting a garage into a bedroom.If I want to list these properties on Airbnb, I understand I’ll need to obtain the following:• BTR (Business Tax Receipt)• CU (Certificate of Use)For these, I’ll need to undergo a city inspection.

My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas) to get your property up to code?

@Godsheritage Adeoye And for anyone else considering this... in Baltimore City you need a current lien certificate to record a deed.

Now I have seen a situation where there was a pre-2016 build, but the previous owner pulled permit to install a pool and a new Certificate of Occupancy was issued after 2016. 

But to phase the project you really are needing separate Certificate of Occupancy's.  

As of my last update in April 2023, the definition of an accredited investor includes, but is not limited to, the following:Income: Individuals who have had an income of more than $200,000 (or $300,000 together with a spouse) for the past two years and expect the same for the current year.Net Worth: Individuals with a net worth exceeding $1 million, either alone or together with a spouse, excluding the value of the person's primary residence.Insiders: Directors, executive officers, and general partners of the company selling the securities.Professional Experience: Certain professional certifications, designations, or credentials or other credentials issued by an accredited educational institution may allow an individual to be considered accredited.Knowledgeable Employees: In the case of private funds, "knowledgeable employees" of the fund are also considered accredited investors.Institutions: Banks, partnerships, corporations, nonprofits, and trusts with assets exceeding $5 million.By imposing these criteria, Regulation D is meant to ensure that all participants in such an offering are capable of fending for themselves or sustaining the risk of loss, thus requiring less regulatory protection.Under Rule 506(c), it is not enough for an investor to simply claim accredited status.

Certificate of Occupancy was issued on 8/20/24.

I believe according to the father's will the property was to become his son's who is now also deceased.Both Deed of trusts are in the father's name and the family has never filed death certificates with the county from what I can see so far.It appears the 2nd position Deed of trust will get auctioned at the trustee sale.