As a result, the sale was canceled, we foreclosed, and the second-position lender was wiped out.

A 0% APR credit card is a smart move for materials, but for labor costs, you might explore a private or hard money lender, especially since your loan term is only 3-4 months.

@Eric Johnson   Investor and lender based in Dallas.

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Not sure about FL, but many places don't publicly list the purchase amounts, so tough to know what they sold for. 

Looking forward to working and meeting everyone both local and non. 

It's going to depend on the lender, how it's titled and what kind of refinance you are doing.If you're doing a conventional cash out refinance, a lot of lenders are going to require a 3 to 6 month seasoning period prior to refinancing and it will have to be rented first.

I would still use a Hard Money Lender for something like this - some have a minimum but you may just have to search for a bit and find one that doesnt.

They then missed out on several more years of growth because they got out of the game and waited on the sidelines for things to look better. 2010 to 2012 was the period that cash investors were the players or those with IRA keep in mind investor loans were still basically non existent in those years for all those expect very well to do Investors beginners were not getting investor loans.