Later on, these questions will play a role and it's not that they are unimportant now, they are just in the wrong order.

Track down the new owner of the debt to complete the short sale and wake a sleeping creditor who doesn't need to play ball; or ignore it somehow (bad title company) and the new parties in interest get foreclosed from first lien position by somebody just waiting for the opportunity to squeeze everyone.

A couple years later, I did a cash out refi on it and pulled out 133k to play with.

It is also why virtually every RE syndication has an appreciation play.  

Hey Michael, This is a loaded question as there are a lot of variables that will play a roll into the cost.

Seems like you've given a basic play by play to running the business, much appreciate!

@Jeff Rabinowitz true, but most HMLs dont play in ND.

Was this an appreciation play? 

I also know a guy who takes the broad view that Thailand is played out, like the Memphis of Asia, and he's on the ground in Cambodia and Myanmar buying up land and setting up teams. 

That might lead you to check the Lis Pendens (first step in foreclosure process) filings weekly or monthly and contacting those owners to see if they want to play ball!