Interesting callout about the water heater being too small for that particular unit! 

Some flippers who mis-timed the market may default, but these will be a small number of properties relative to overall sales and defaults. 

Perhaps the cable company charges a small fee and can do it themselves?

You can redeem the ground rent, buy back the land, for a small fee at closing.

Typically, portfolio loans from a small local bank/CU or conventional mortgages will be your cheapest/best options for permanent financing for SFHs.

Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

Don't think so small minded.

Like Don Lapre in the 90's with his broke, down to his last $100 until he found out he could place small ads in newspapers and make millions.

The would be for small multi-units.  

In the beginning, I wanted the classic small multi family house hack, but have quickly found that that's not feasible with my situation -- they're very expensive and of the few available, they're far from penciling and cashflowing.