Also CA requires you to be licensed to originate DSCR and Hard Money Loans (I see on your bio you service CA), and there are many other states that are starting to follow pursuit.

Yes, You can buy and asset, fix it up and rent it out to make money without you physically having to work for the money. 

Buyers and sellers should consider some amount of closing money be held in escrow after closing to cover potential problems with the non-responding tenants.Does anybody have any experiences to share with successful use of a Tenant Estoppel Letter, or times they wish they'd know about this tool before entering a Purchase and Sale Agreement?

How do you figure out who you can trust to handle your money?

One option I have is to demo and rebuild the house using insurance money but it will take about a year and lot of involvement.

Section 8 is a legit way to make money.

.: I think you made a mistake.Yes, you get extra money.

Majority of banks, credit unions, and hard money lenders are cutting back.

I don't have much advice as now the profits are gone and it seems like the best thing to do is to get your money out the deal and move on.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.