In my area, document recording fees start at $75, plus they have to be notarized (extra fees for a notary).

Perhaps the terms of a divorce decree signed by a judge would force a creditor to remove you from the account.FHA technically permits loans to borrowers with FICOs as low as 580, per their guidelines, though most banks apply their own higher minimum, often 620.

In cases where the investor wants to sell within 180 days of purchase, and where the sale price exceeds the previous purchase price by more than 20%, the lender will be required to take extra steps to ensure the sale is legitimate.

In my city "Burn outs" require Contractors and Contractors require Permits and Permits cost Money.

That will mean, no required extra tax returns or bank account actually needed; however, I do recommend it.

you have to look at what it costs for the hard and soft costs (plans/permits/engineering and materials/labor) plus the cost of the land. 

If not you will need to reduce rents further as they have to drive clothes to the nearest facility.Is this sitting on extra land that I can't see where you could redevelop or sell off??

Now if I actually did do that and got about 45k from it, I would either want to buy a little more expensive house, maybe 30k, than use my extra 15k to fix this one even faster!

I mean maybe add another room, but at the same time it'll cost you time for permits, money to build, and even more time for building it as well.

As I see it the 203k would allow me to get more money out but would come with some restrictions and extra headaches.