Seems like a great solution to get started.

The cheapest solution: $5.

@Jeff Ausdemore you didn't mention anything about PMC's, which would logically be the easist solution to your challenges, so logically, why would we assume you were considering hiring one?

I appreciate it.Maybe make this thread an update thread as work goes along, demo and construction pics, problems/solutions, units ready for rent, etc...

That said, as @Henry Clark mentioned, unless you can figure out an elegant solution for drop off/pick up a daycare would be a very challenging business to put in that building. 

Solutions?????

Well in this case, the solution seems fairly obvious so this may not be of any help to you, but if I were you, I would leverage the 3/1 that you own (cash out refi) and use the $ to renovate the upstairs unit.

It's time for solutions.

So what I hear you saying is that bankruptcy puts a temporary halt to the foreclosure process, but is not the end/solution to the problem?

I know he will be the one to set the true reasons and motivations, but the better prepared I am to have answers and solutions up front, the better chance of closing.Hope that makes sense.