I am potentially interested and from the initial conversation looks like something I'd like to move forward with. 

STR and MTR investing is a different animal all together taking you from housing to hospitality and requires more of a time suck than many initially realize. i personally only do long term rentals and students. i do have a property in mind and making the connections to transition it into a sober living home. excited to see how that shakes out. 

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

You can't count on believing that the family member will not produce a handwritten lease (real or not), or other paperwork & tactics, to throw a big old wrench in your initial/expected timeline.You CAN expect that if they see you as the big old rich/developer/bad guy enemy, they will do as much damage as they can, and drag their feet as long as possible.See if you can feel out what the relative actually wants/ needs, connect/come prepared with info on resources for local "housing help" options, etc (perhaps), and figure out what you can do to solve the problem (cash for keys with an incentive for quicker move out timeframe?

HUD will first try to offer it to OOs who lost initial bids (at that time it will be past 4 weeks after the initial bid acceptance)... so.. if every OO with prior lower offer refuses to buy, would the house go back to exclusive period or straight to extended period?

I have been trying to sell the house for six months, initially listing for 710K, but I haven't received any offers.

Money partner. 3 year term, 6 points initiation fee and 11% monthly interest (No appraisal or other BS).How did you add value to the deal?

And they replied:"Hi ,the total judgement not only includes physical damages that you had to pay initially to secure another tenant but also includes outstanding rent balance if any and late fees if any and any other charges that may have been charged against the previous tenant.

They are asking for some done payment & then monthly payment, which varied from the 2 sales reps, who contacted me. 1st representative $2500 Down and then monthly payments till $10,0002nd representative $1500 Down and then monthly payments till $15,000($5000 higher than the initial offer)How much you can make as a side hustle if you are on a full-time job as well?

My initial reason for wanting to do a new consutrcution was because duplex/multifamilies in my area or close to it are around 800k.