If you have a non-paying tenant and have to evict, or any minor mechanical issue that requires a plumber or an electrician, or a capex issue like a driveway, sewer line, roof, windows, doors, siding, appliances, etc... you're in the hole big time on this property.

Supposedly, these controls were fixed/addressed.On one of my deals, it is NOT clear that the collateral alone would be enough to make the investors whole ie it is very possible that the property is under-water especially given that there are substantial mechanics liens attached to the property.

If I want to learn about medical procedures, I do not talk to a mechanic.  

Not every lot / configuration can handle this parking count so important to check what your city/town will require.After you have verified the project is feasible thru the City, the big considerations are power, water, sewer, and mechanical.

Also you could reach out to your counter top supplier and ask them to put the install on credit and they can file a mechanics lean as collateral, and they will then be paid at closing.

If it's for their work (say, a mechanic coming straight from work to see the unit), we'll allow that, but we still scrutinize their vehicle.Oh! 

But as far as the mechanics go - a 1031 might be available.

I have already created a list of everything cosmetically, and mechanically that needs to be done with a general price range.  

The mechanics of a reverse exchange can be complicated but in general you may use your exchange account funds or new loans for the construction.  

My wages have currently been cut by%50(auto mechanic) but wife's not affected .No credit card balances or other "bad debit" other than 2 auto payments...