@Tom Craig,Glad it provided some useful insights into alternative methods.Eric is still off track - I still don't know what he's doing. 

Does anybody have any advice on alternatives to resolve or get this fixed before I go all out & call a plumber.

This would help us benchmark and explore simpler alternatives while understanding how complex the structure mentioned above truly is.I assume they are not actively managing their business?

If you are a wine drinker like me it's been great - I remember how bad all cheap wine used to be - but I can see a big difference in the popularity from 20 years ago.  2 buck chuck !!! 

The alternative is I pay cap gains taxes and dump the capital into my rebuild project on my primary which would allow me to rebuild without any financing at all. 

However, one man's death trap is another man's wildly popular STR.

Hard money loans are popular for covering both purchase and renovation costs, though they come with higher interest rates.

Alternatively, some purchasers want to control the process in return for more certainty.For a non-delegated correspondent loan, the loan purchaser will get involved and direct all processing decisions.

I'm generally a proponent for alternative lenders if they can provide better leverage or if they are needed due to time constraints.

Despite popular option the fed nor a president has direct control over long term interest rates.