This speaks to what @Russell Brazil said about being thorough and making sure you understand what needs to be done.I certainly agree with what @Bill J Fay said about the before & after, but, if the property is bad enough, you might want a contractor for the first inspection.

  :)I don't think you understand the brokering side with DSCR loans, lol.

With standard construction you can do anything and everything you could imagine.

You need to conduct comprehensive inspections, analyze market trends and understand tenant demographics.

I considered rezoning to commercial and selling to a developer, but as I understand it the city is currently very reluctant to approve these kinds of requests and commercial development is very slow because of high interest rates.

I am sure there is a phone number on the letter, call them and explain to them this is not true and understand where they got this information.

Also, since there is a huge gap in the industry in teaching people how to understand development and the different options we've launched an education arm to help bridge that gap so it's not just the "big guys" with deep pockets that can be a developer.

James, I don’t quite understand why you think subject to is a scam?  

Most managers make money that way is how I understand it.Good luck.

After taking a deep internal dive, I now understand my purpose as an agent.