They can provide guidance on potential legal options and rights concerning the city’s demands and the lender.Negotiate with the City:Seek Extensions or Variances: Your friend can request an extension on the deadline to comply or apply for variances that might allow the property to meet less stringent requirements.Explore Grants or Subsidies: Check if there are any local, state, or federal grants or subsidies available for renovating older properties, especially those providing low-income housing.Engage with the Lender:Discuss Financial Hardship: Present the case to the lender, explaining the situation and the financial hardship imposed by the new building codes.Propose a Loan Modification: Suggest modifying the loan terms, such as extending the loan period, reducing interest rates, or even deferring payments temporarily.Negotiate a Short Sale: If the property must be demolished and rebuilt, your friend can discuss the possibility of a short sale where the lender agrees to accept less than the owed amount to avoid foreclosure.Explore Refinance or New Loans:Seek New Financing Options: Look for other financial institutions or private lenders willing to provide financing for renovation or rebuilding.

Hello guys,I have a specific situation so I wanted to reach out seeking an advice for fellow members here who might guide me to the right path.

@Marzia HuOK. what I am finding right now is that it's tough to cash flow just about anywhere on a vanilla LTR. 

At this point in my investing career I'm okay with exerting more effort than I necessarily need to as I'm still learning a lot and right now what I DO have to offer is time.

Just find the right tenants and you will be fine.

I have a major project home. So far we never had much issues to get contractors, but in this one out send everyone is turning away from it. They can't seem to be able to see past the other work that needs to get done....

So yeah, there’s tremendous opportunity out there.  

It was a BIG win for us.I think you're right, this will help many others considering small MF (2-4 units) as their primary property.

My father and I love making trash into treasures and the price was right!

You are right Account Closed.