In a few cases, walking them through their options—loan modification, reinstatement, or even applying for hardship programs—ended with them keeping the house.

But our first effort is to get the borrower to agree to a loan modification and have them retain ownership and us getting g a performing note. 

But what surprised me was how many options were still available, even late in the game.Here are a few things I learned (or was reminded of) during the process:✅ Loan Modifications Aren’t a MythWe helped them apply for a loan modification with their servicer.

Each deal and borrow may have different requirements though, therefor documentation modifications are likely. 

Her answer: “To stay in my home, even if it means starting over.”So, I connected her with a friend who is in foreclosure rescue, he helped her gather the needed financials, and walked her through the loan modification process.

They usually have 2 clauses in them: a variable rate and a "modification" clause.  

None of the leases expired - although we did modifications with the tenants either their businesses ultimately failed, or they obtained other locals with “free rent” for a period of time as an inducement. 

Conversely, if the market is absolutely on fire and everyone is throwing money around like there’s no tomorrow, I assume it will be worse when it’s time st sell, so I decompress the exit cap (notwithstanding modifications due to macro/micro). 

Vacant industrial buildings often have several qualities that make them ideal candidates for self-storage conversion:Open floorplans and high ceilingsZoning compatibility in light industrial areasExisting utility infrastructureMinimal structural modifications requiredThese factors translate to lower upfront construction costs compared to ground-up development, as well as faster timelines to market.💰 Cost Advantages and Build-Out CostsThe average cost to convert an existing industrial property into climate-controlled self-storage ranges between $40–$70 per square foot in Upstate New York, depending on building condition, layout, and compliance upgrades.

@Greg Scott nailed it.I will also add that since an ESA is an "accommodation for disability" under HUD, the animal's owner is responsible for any modifications to the home in light of that accommodation (think wheelchair ramp).