In most Residential construction, a Registered Architect is not required, but please check with your City about this requirement.The construction type - regular, Modular or Premade depends mostly on Time and Money.

Sometimes depending on the city or town there may be more activity when people are out of work.

Not to make it sound too simple but it just depends on what both of you want to do and get out of the deal.Whatever you end up doing make sure you have a contract with them and that EVERYTHING is in writing and signed!

And even in the last big correction, a "crash" was more like a 5% to 20% drop in value, depending on your area.

I'm active in Columbus as well.I have one or two referrals depending on where it lies on the C-D scale. :)Let's chat!

Like any measure of risk, that is highly dependent upon your risk tolerance.

All depends how your state handles those situations though.

@Shu Zhu I think it would depend greatly on risk.

May work, may not depending on the appraised value.You could wait 6 months and then do a regular refinance.The rate and amount of cash out depends on how much patience you have.Best of luckStephanie

It will depend highly on the location and how you are counting profit?