In general, if there's nothing in zoning or the deed restrictions prohibiting the division of the property, it's mostly just getting it resurveyed and presenting the new subdivisions to the local government (county usually) to have each lot recorded as separate parcels.

If there is little to no equity, the borrower may not be able to sell the property on the open market because it would require cash at closing. 3.

Can the seller sue?

The city is eliminating a significant amount of parking near the cross walks.  

He started the work in June with an expected completion by the end of July.

So if you had 3 rentals with losses and 2 rentals with gains, the losses from the 3 rentals would offset the other 2 rentals and the rest of the loss would be carried forward to offset other passive activity losses in future years if applicable.

The modest purchase price, combined with an ideal renovation budget, presented a prime opportunity to improve the home’s market appeal.

You'll spend a lot of time (sounds like you may have already) spinning your wheels in trying to find the right lender, whereas a solid broker can pair you up with the right fit right away and get your project moving. 

I think I put 2k down and paid 300 monthly until I paid out the 8k price.

I had been living in a PadSplit and was able to save enough to buy a property so I bought this one and house hacked it as a 4/2 using the PadSplit platform.