I’m setting up a basement ADU and the city is requiring a minimum 30 cfm mechanical ventilation system.

In my case, it seemed to help but do ask your lender.I know of an investor that actually filed a mechanics lien on their own property to protect their "loan" incase a legal attack would get too costly for the LLC to remain.

If you delead (and maintain the standard) you will be in the clear.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

If I take my car in to a mechanic and pay him cash to fix my car he couldn’t use my car as collateral to buy parts, right?  

Make Sure You Have a Preferred Returns MechanismNot all syndicators give preferred returns, but as a passive investor, having such a mechanism is in your best interest.

The money is just the mechanism to get there.

I don’t know the code in your state but here in mass to be code complaint on that many kitchens would require a massive cost in mechanicals.

This emphasis my point about why buying at the right price is so important.

You can take the above as a snotty remark or emphasis on what I am about to recommend.Join a Military investing forum.

It's worth it if you just want to learn the mechanics of bridge loan funding.