A cash out refi should take 2-3 weeks with most lenders, and you should have only an appraisal a credit report fee as upfront costs. 

If you offer more $ for the property than the all cash offers AND you appear to the seller to be highly qualified in the method you are using for sourcing the payment, at some point your offer will be more appealing than the all cash offers.I don't understand why you would consider a 1031 for another property in two years. 

Is it electric heat?  

Purchase price: $25,000 Cash invested: $45,000 Sale price: $70,000 Foreclosure auction.

Purchase price: $260,000 Cash invested: $120,000 Sale price: $535,000 Complete gut, new front and rear walls, all new electric, HVAC, plumbing, roof, deck, windows, interior What made you interested in investing in this type of deal?

So, did you put more than $30k in cash in the deal as listed in the investment info?

Leverage  anything in the US  so you can  use the cash to buy in CR  ( US home / 401K / other assets ..etc)  ...pura vida !

Are you generally seeing cash flow positive deals from day 1?

Buy your next property with all cash, fix it up with cash, and then do a cash-out refinance afterward.

Or any amount of cash you take out from the exchange are considered to be profit.