I'll be doing the following during the project to add value: second floor addition for 2 new bedrooms and full bathroom; slight change in kitchen/dining/living layout for open floor plan; new kitchen and new bathroom; finish basement, gas furnace, update laundry room; landscaping in the front and backyard.

I checked the county site and it looks like the addition is included as conditioned space from the layout I see.

A new research paper was recently publish that examined and explained the reasons for Warren Buffett's investment success. 

If one makes sense on paper and my family / friends on the ground have a good feel, then this is where I'm not sure what makes sense.Would you fly out to see the property before putting an offer in, or would you wait until inspection, or both?  

If you or your parents are an obligator on the note you could look up the mortgage statement and call the customer service number to order the "mortgage note," or you can go back to your closing documents and the mortgage note should be in the closing package close to where the trust deed or mortgage papers are.

My questions are: do you attach the addendum as just another piece of paper in addition to the regular contract and should it have a signature space?  

Another concern is that the property is set up as a deli style establishment so other restaurant concepts may not work without changing the layout.  

On paper I am a sub.I'll do a lot of projects out of pocket but most will be funded by the renovation loan.The work-arounds we have discussed may be good enough- as a sub I markup the material and do the work for min wage. 

This depreciation counts as negative income, but it’s only negative on paper since the costs of keeping a property in good condition can be paid for out of the rental income.Thus, the depreciation “losses” wipe out the positive cash flow from the property and remove any tax obligation.

From a layout perspective I simply look to maximize the space.