I was in the process of building a bed and breakfast out of the country in St.

But since we know the process very well, we are able to 9/10 get rents than these amounts.  

I made a mistake and forgot to ask the seller for rent history so I started the eviction process and the official eviction date is May 1st. 

Or it may be surface water flowing from another lot, or surface water piling up from rain and not soaking into the soil, which may be some type of backfill they had dumped in at some point during the construction process to grade the lot higher than it was when they bought it.

I have several question regarding this situation, mainly just looking for a rough roadmap of where to proceed from here and to learn some more information to get a better understanding of the process.

I did my first 1031 exchange with First American Exchange and they helped me through the process to ensure I was following all of the exchange rules properly.

Unfortunately Colorado is very tenant-friendly, so if you can avoid the eviction process that might make your life easier. 

I think a short-term fix-and-flip loan would serve you better because, first, the credit requirements are typically lower than a DSCR loan's credit requirements, and fix-and-flip loans will fund a portion of the purchase price as well as some or all of the rehab costs (usually through the draw process).Right now, saving your cash, rebuilding your credit, and finding both a partner (ideally with a higher credit score AND experience) and lender you're comfortable with should be your priorities.

Long Island & Westchester) which are also good potential target markets for househacking.Lastly, regarding managing: Managing a duplex, triplex, and quad are very similar in terms of process - maintenance, rent collection, incoming calls/requests, etc.

I would just explain the thought process to your project manager and have a direct conversation.