I'm wondering if anyone knows what city fees, permits, and taxes (school, water, fire) will be applied to the development.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule: The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 25% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information: Signed Draw Request by borrower and contractorSigned All Bills Paid Affidavitreview and approve the draw request and will release funds for disbursementA check will be issued in the name of the borrower and contractor and delivered to borrower via USPSAn inspection of work to date will be performed at 50% completeFinal Draw Information: Signed Draw RequestFinal inspection/Completion Certificate will be required for release of final fundsA Title Update showing property free from lien or encumbranceGeneral Contractor’s Lien Waiver AffidavitAffidavit of Completion GMG will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns: Changes to the initial plan are not permitted unless prior approval by Gateway Mortgage.

How did you deal with the city, permits.

Just keep the lower payment...and your loan won't have a prepayment penalty so pay extra if you want to. 

I rent it out for storage for an extra $50/month to the tenant.#3.

I have read all the forum post related to foreclosures that I can find on here, and I guess I wanted to check my process and invite anyone else to give me advice.The recommendations I have been given/ read most frequently are:Have a title report performed as close to the date of sale as possible (2-3 days depending on how long your title company needs) Try to find a title company that is willing to sell you title insurance after a judicial foreclosure.Perform extra searches yourself for any items that are excluded from the title report.Calculate the expected value based on the best comps.Drive by the property to get an idea of current condition.

My portfolio is pretty small, so we are talking about a few extra LLC's for me.

In the meantime can you add extra locks to the basement or someOther method to physically keep everyone out of the basement?

We leverage our service people to keep an extra eye out.

Were permits for work pulled and closed out?