Hello All, My name is Judith Solis and I am an investor in New Britain, CT.

I always like the idea of giving a base salary that is barely livable for the employee. 

I get pre-approved about 750k, but in Bay area market, I can barely buy anything. .   

You are probably in more of a B. Are

We also discovered that the amount of items moved into common areas on the property (garage, backyard, basement and entry ways) had grown to the point where access to the electrical panel was obstructed, flammable items (i.e. open coil heater and mattress) were in the vicinity of the furnace and water heater and a garage that was barely standing was packed.

To do this rehab, you are going to have to tear down to bare studs and redo all the plumbing/HVAC/electrical, IMHO. 

Thank goodness I barely qualified based on previous tax returns!

She's been able to pay 2021, but barely and now first half of 2022 are coming up.If I were to just help pay them off this year and the back taxes, it would just happen again next year. 

I'm barely factoring that in at all; the crux of the matter for me was whether the fee situation/structure is typical (apparently not so much).

Your best option is to use the first draw on your construction loan to payoff the hard money bare land loan.