The total/near total loss of capital on a 2nd is a very realistic outcome - make sure you're in a position to survive this outcome.

Small renovations over time What was the outcome?

Buying under market value What was the outcome?

What was the outcome?

What was the outcome?

Maybe you and your wife should sit down and brainstorm your goals and desired outcomes and then set about making an actionable plan to move towards achieving this.

Quote from @Drew Sygit: You could also approach lender about a deed-in-lieu of foreclosure IF they will agree in writing NOT to personally pursue you for any loss. that would be a great outcome if they would do that Drew..

What was the outcome?

An incompetent sponsor—good outcome unlikely.2.

This would in-turn increase the building value.I have identified total costs and time for this potential change, and was curious what resources or anecdotes you may have to analyze the cost of the zoning change vs the residual outcome and lift in value driven by an increased buyer pool.