This cycle of over extend the governments has been going on for 2000 years.

Doing it this way, banks will extend a mortgage based on the appraisal.

You could also look for a short term rental or even try an "extended stay" hotel.

Examples include advantageous financing terms (0 down,  below market rates, extended non-callable  terms) or you have absolute knowledge that you can make a profit somewhere (sell to a developer, rezone for higher use,  sell on financing terms that net you more money ).

For over 110 years, Coldwell Banker® has helped people find homes, and now our mission extends to our furry friends.

And I think there's also some exceptions for active deployment situations that extend that time.If you meet the calendars for either of those properties that would be best first move.  

Had you extended yourself on something other than the buy and hold portfolio that got you into trouble.I would think that after 17 years, you'd have had so much equity and cash flow on some of your early properties that even during the crunch you'd have been able to weather that storm better than say a flipper who might have been stuck with 4 or 5 houses that they couldn't sell and were too far underwater to sell as the crash worsened.

Also what do you think about extending the privacy to the whole basement floor, which would basically include a family/TV room?  

So try another bank, preferably one that extends portfolio loans.

Yes, I do know how to do much of this for a single lot, so it makes sense to extend into calculating the costs for a larger parcel.