You will want to work with a civil engineer and a geotechnical engineer to 1). ensure that a proper site plan is developed and approved by the planning/zoning commission, and 2). there are no geotechnical barriers to you development plan (such as giant rocks that require blasting for removal, ect.)

I'm stuck between a rock and wall basically.Without knowing answers to those questions, if you can qualify for a refi that gets you close to breakeven, and you feel your market is healthy enough to appreciate to your original pro forma or better before you'd burn $60K then I'd just rent it out LTR. - I know I can refinance and LTR should cover the PITI, or most of it. 

You rock!

Hi all,I came across these listings where you can purchase a unit in a hotel, in this case is the Hard Rock Hotel in San Diego.

Sooooo if I have no friends or family or anyone in my life where would I find these private lenders what rock should I look under?

. - you are part of the problem as you are enabling him.It seems harsh but until people hit rock bottom, no change is going to occur.  

I've seen soundproofing insulation used with great success in rental properties (Rock Wool Safe n Sound is the big brand in the NJ area).  

The floor was leveled out with soil/rocks and a sump pump was installed.

Ideally something will still be available in round rock/ George Town area similar to this home. 

The Austin-Round Rock MSA saw no change from the previous month with median home price of $550,000 and a 19% increase from the previous year.The following infographics and data is courtesy of the Austin Board of Realtors:Housing inventory remains at low levels, 1.2 months for the entire MSA which is 0.7 months increase over the preceding year.