Based on his last post, @Samuel Kim now seems to think it’s pointless for him and his wife to explore this topic over posts made by professionals who barely know anything about his situation. 

I'd focus on deciding what you want to do (flip-high risk, but potentially high return...or large loss; short term rental-more work, but higher return than long term rental; long term rental-less work than the other two, but lower return).Once you've decided which you want to do, then focus on getting the best house to meet your goal. 

Interesting to see the flip in the last 2 years.

You can expect turnover costs, losses due to vacancies, and other expenses.

Rent rates have increased so quickly over the last few years.

Last time I checked only people who have lost a home are those who do not pay.

They have been incredibly transparent but they are currently deciding on a capital call or selling the property at a major loss (70-80%).

Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible.

The last partial payment they made to me was in December of 2023.

Legal consequences and potential financial loss that could have been avoided with timely updates.2.