I paid off the loan in 2021 (inheritance plus good savings from my job, and April 2022 I decided to get a HELOC do a renovation, and make the house modern and fancy (R&Q select oak  throughout, modern kitchen, took down 2 walls for open space vibe, modern electric fireplace bumpout with cabinets in veneer wood, bar in veneer wood, remodeled master bathroom, Sonos music system throughout the house.

- Replace bay windows and really old wood windows/damaged windows with vinyl windows and other bigger windows- Add ridge vent to the roof- Add another electric meter, install a mini-split AC system, and figure out how to split the heating for 3 units (it's currently shared and baseboard radiator heating is used throughout the house)We are thinking of DIY-ing the painting, and possibly some other things here and there in the kitchen/bathroom but wanted to also get quotes from different contractors to see what we may need help with during the renovation and whether the cost and expertise are worth it.

Sub flooring: heavy staining/wood deterioration in some areas. 

I unfortunately haven’t had to deal with an eviction in our county yet (knock on wood) but have learned about the mediation services through a Masslandlords event a while back. 

Proximity of cooking grills to combustible materials (wood railings, etc.)3. 

Good deal out in my neck of the woods!

Of course, I am not in your neck of the woods, however, I have never met any lender, private or hard money that is willing to go above 60% CLTV, in 2nd position on a primary residence. 

It's a very bumpy dirt and gravel road, looks like it's never been regraded, in a heavily wooded area.

It turns out that the deal I was looking at needed the building to be torn down as it was made out of wood and is 30 years old.  

@Manley Woods Most costs associated with closing, are set fees, not percentages......settlement fees, appraisals, doc prep fees, 1 year of taxes and insurance, etc.