Whether it still makes sense will depend on how much you can defer vs. the basis.

Most HMLs, depending on your and your partner's credit score and experience, only require 15%-20% equity/down payment from borrowers.

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

Depending on how that conversation goes, post a 3 day for nonpayment. 

I think it depends on the appraiser. 

It also depends how distressed - knockdown, full gut rehab, cosmetic rehab, lipstick flip.

Depending on your market it may not make financial sense at all.

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

When it comes to furniture/design it depends.

Well, of course it depends on the individual circumstances, the amount of time comitted and the capital available.