$8500 worth of work has been completed, removing carpet in upper bathroom and bedroom, painting all walls in the lower unit and removing all the carpet.

@Jade Walls following

(the son was big into breaking old furniture and stuff with a hammer) Now breaking down what I've done/plan to do:Smoke smell- I've had to put in some serious work getting the smell out -scrubbing walls and floors with TSP and running ozone relentlessly. 

Make sure you check base, casings, and walls for urine as well.

Lower unit: new floors, texture and paint walls, new light and plumbing fixtures, new doorsUpper unit: making a larger kitchen with an open concept living dining and kitchen, new floors, rock, tape and paint throughout, new trim and doors, new cabinets and new bathroom New windows and siding, 12x12 decorative concrete patio for each unit, new concrete floor in garage, new driveway, removing elec baseboard heat and putting naturally gas forced air in both units.

Due to the unique layout of the home, and the fact that it has two principal doors on either side, I decided to convert the garage and wall off part of the family room in order to create an "in-law" suite with full/partial amenities (kitchenette, bathroom, etc) that could be rented out.My grandmother has given her blessing for the project and I'm hoping to pocket some rental income from this, but the obvious question remains: once I do the ReFi and mortgage the home, I would be taking monthly losses as my rental income wouldn't be enough to cover the mortgage.

I went in and saw that someone had moved some things in, a couch, a TV mounted on the wall.

We removed a couple of walls for an open concept and add an island.

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

"Looking at the possibility of using cinder block for small flex/industrial developments"Only know residential stuff built with cinder blocks, but get with a structural guy to understand:1) Is CMU (cinder block) cheaper for your design2) Moisture invasion - In apartments you build an outside wall of CMU and then cover it with frame/sheetrock, you'll get lots of condensation and, god forbid, mold.3) Structural integrity - I really don't know since I think earlier stacked CMU wasn't as strong as tilt-wall, but don't know.