At this point, I see only 3 options1) assign the contract to someone else, meaning sell the apartment (but I will need approval from the developer)2) talk to the developer and ask for a minimum one-week rental (Min City Regulation) at least for the 1st year to get over the bad time.3) to just go ahead and purchase the apartment and suck up any loss I might make and try to get in refinanced as soon as possible with a lower interest rate.What are your thoughts?

I am trying to figure out what will be the best way to finance the renovation, which is budgeted at $70,000, without refinancing the entire property. 

For the flipping business I'd set up a simple LLC since you won't have to worry about refinancing those properties.

Now 3 years later appreciation has gone nuts and it’s now worth $275K and I refinanced $130K out for something else and it still cash flows $500.

Whether you're acquiring a property, securing funding, rehabbing it, refinancing, or selling, understanding the process and having a clear strategy is key to success in this industry.

I have had so many people asking me for help re financing in Mexico that I'm studying whether there's a way I can get involved in that business to be able to help them.Finally, something to bear in mind that the best deals in Mexico can be more profitable if you pay cash than a deal with a mortgage in the US.

I then refinanced in 2009 to 4.75% and my PITI went down to $950.

Let me show the numbers; please let me know if it makes sense:Property Original Value $10,000,000.00 Initial Finance $7,500,000.00 Investors Money (Downpayment) $2,500,000.00 Ipotetical foced Appretiation New Value $12,500,000.00 New Downpayment/Equity $3,125,000.00 Refinance Principal $9,375,000.00 Cash Out from Original Investment back to investors $1,875,000.00 There are some MF investors that hold the property with no plans to sell and keep doing refinancing, and this seems to be the model applied by Ken McElroy.

I am assuming it would need to be purchased cash then repaired then refinanced. 

I work with tons of international clients who set up LLCs during their financing/refinancing process so I can connect you.