If you were selling a property, you'd want to get the most money for it, and that really involves going through a bidding process with a best-and-final round designed to extract every last penny from the buyers.

In a few months I can extract some equity (I expect around 50-60k) to cover costs of getting into my next deal by refinancing with a conventional loan.

even though the lease has provisions for delineating the specific responsibilities, I checked off landlord on all but one.I used to put "AC filter changed monthy" and "Rolling out and extracting waste collection bins on trash collection days" on the tenants, last year I started changing the filters myself after two properties had original filter after six months - I provided 11 new filters in the AC closets.

Try and fully lease the building out then refinance to extract funds for a second project. ultimately I'd like to build and hold all properties... but as anything goes a lot can change in between.Eddie

And this type of loan is best if you have built up equity in the properties and want to extract it for purchasing more.

Thanks Ken,The initial concept was to extract the value of the land via liquidation, and maintain the existing house as a consolation prize.  

I will be posting the happenings on that property in more detail with the aim of extracting "what could have been done differently/better" and what I will implement to be better prepared for the next time a situation such as this arises.For now, I just want to say a very sincere THANK YOU to you for your time.  

Is she hoping to extract some money out of the house after paying off the taxes?  

Trying to follow all the good advise here, such as , buy for all cash,  extract the equity out on a cash refi loan.

The standard sale, MLS listed properties are hard to close on and even harder to extract value (especially as a first time investor).