I have the opportunity to purchase a 4-plex with a 1500 sqft storage building that was abandoned a few years ago. The storage building would be included in the sale. If I were to remodel it, in to two additional units would I need to notify the bank? What would happen if I didn't?
@Bud Dwyer You would have notify your insurance company to get it properly insured, who in turn would most likely notify the bank.