The roofing contractor is proposing that we go over the existing roof with 2ply modified bitumen.

.$1700 - 3 bedroom up - New floors, paint, knock down 1 wall, add washer dryer, modify front entrance for common foyer between units$1400 - Basement unfinished - turn into a 2 bedroom unit, kitchen, bathroom  - 40'x20'Widen drivewaySplit hydro into two metersFix upper then rent (2 months) then work on lower (4 months)Refinance after 8-12 months. 

. - regarding the "higher than average tax return this year" - I suggest you modify your W4... no sense in loaning Uncle Sam money interest free.  

I am an out of state investor and wondering if anyone can help with the followingIs this normal for an attorney to review or modify every time an offer is made?

Suggest you modify your attitude in business, learn the basics and related laws before you get into trouble.

It depends on how far into default she is - if they've initiated foreclosure proceedings it might be too late.And I doubt they will modify the loan that much (they normally just lower the interest rate, refinance the delinquent amount, and try to get the payments down to a manageable level).Even if they did modify it down to the current value (which is highly unlikely) - they certainly aren't going to modify it to the point where she has equity - then you'd just be hoping for appreciation during your option term (I assume?).

I just did a podcast yesterday with the incredible Ann Amagrande, and she was successful but unhappy as a flipper because emotionally it didn't align, so she took the leap of faith in her own gut feeling & pivoted into a modified buy and hold business that makes her feel great & that she's really helping people.So that is what I'd do. :)This is excellent advice, well thought out and covers all the bases.

@Jay Hinrichs might have some good input on this because he was right in the thick of things during that time. it took a while during the GFC but yes mortgages were modified by the millions. 

Could you modify your work to open your own business to supplement your current cash flow? 

:@Jay HinrichsNobody's mentioning how, in this modified work slowdown, how many "essential workers" live in C-class housing.