If there's a mortgage, the holder will usually file for a Protective Order(PO), basically extracting the property from the BK. 

And most of the good cashflowing ones I found were in derelict housing, which I didn't want to take on.Back when I was looking, I spent like a solid year reading every single article on BP, searching the market, and creating a somewhat sophisticated Excel analysis spreadsheet (I got it to the point where all you had to do was enter in the MLS number and it would extract all the data, analyze it, and spit out all the details.It's analyzing everything from appreciation rates, cumulative appreciation gain, IRR, NPV, etc.Here's a screenshot from the summary numbers of some of the properties I was looking at over a year ago.

@Benjamin Cohen your property type and stats may be less meaningful without scale.  

If you add a bedroom or bathroom, do it in a meaningful manner.  

I meaningfully hope you are winning with your returns.Are you?

Should I sell or refinance and extract cash?

But he said only business accounts could do it and there would be some meaningful fees on the account.

That's not a very meaningful figure.

It's in their blood to try and extract as much money out of you as possible.

I don't have enough data to give you meaningful answers.