You can try contacting your jurisdiction about your specific case or you can try reading through your state’s Building Code on what’s allowed for Alterations.

Unless you've got something unusual <$500.I'd be looking for stuff like:1) Major CapEx - Life of roofs and siding and paving and plumbing2) Moisture invasion ANYWHERE since this gets more expensive the longer you wait3) Making sure stuff (like remodels and wiring) is up to code. 

The Collateral paragraph says: All tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code.

It's likely a code- compliant installation, however.  

This is a good time to start bringing a team of professionals on board to help keep your project cost effective, completed to the proper codes and standards and completed in the shortest time possible.2.

Hawaii is pretty strict on that stuff. 

That said we have had very strict cleaning guidelines with our team on our properties since the second week of January and this has fallen in line with what we were already doing. 

I fell that House Hacking is a cheat code we can all use to get into the real estate investing scene, even more so with service members being that we have access to the VA Loan.

Unless your rooming house is fully compliant with Fulton County and City of Atlanta ordinances {see http://atlanta.elaws.us/code/c... for starters}, you're going to have a hard time finding any professional property managers willing to touch it.For them, that's a lawsuit just waiting to happen...

Unfortunately bank loans, including the 203k loan would require a specific GC that knows that process BUT private money lenders don't have those strict requirements.