There are actually some rather civil 3/2 homes in the midwest that aren't exactly slums.

This is where the demand letter comes in, you basically lay out the case and tell them you will litigate, present your case and then offer a settlement as a solution.

I am a real estate litigation attorney in Georgia. 

I enjoy having civil discussions with people of differing opinions.

A civil engineer , call one , and ask. 

@Aj Parikh could you recommend a good litigation attorney for this area?

But that doesn't include any of the significant costs that go into building new apartments, including permits, architects, civil engineers, surveys, etc.

I am still in litigation with them after four more years.

In reality, IMO, an investor who buys a new note, who is not in the business of repetitive unseasoned note purchases, won't have a big issue with the lending side unless that note becomes an issue in litigation, I don't think a bankruptcy judge would come unglued, I only see a possible issue with such being in concert with other note investing operations, but, someone who is in the business of repetitive funding can have an issue.

Civil / grading engineering5.