A second home that will eventually become a retirement/permanent residence is very different than a home that would be used as a rental that would later be sold to purchase a final residence.

(Military is supposed to provide this to all members before a permanent change of station, but the reality is that it doesn't always happen)  I had to move my whole family from coast to coast with all of our things (and pets), without knowing that we had a place to live at the end of the move. 

The other option I have used in the past for 100% (or close to it) financing is to use temporal to permanent loans with hard money lenders, those allow me to get most of the cash out "quick" but they charge a significant amount of money in points and interest rate for the temporary loan making the deal much less attractive.

Use one for the acquistion and one for the refinance permanent loan.

    You might consider exploring buying higher quality manufactured homes, removing them from parks, and installing them on permanent foundations on land you have purchased.  

Use a private money lender for the acquisition and rehab phase and refinance to permanent financing after you own it.  

Now I'd like to put permanent debt on the property and would like to cash out if at all possible.  

And are pushing to make “renter protections” permanent/angling fit rent control.

I am not sure how permanent financing would work at this point, or how the project would be valued (I assume based on CAP rates for the entire building).I would love to hear from those that have done it. 

Pros of a short sale for distressed homeowner are (in FL):- Avoid foreclosure- It's a permanent solution- Potential for HAFA relocation assistance versus getting kicked out by the bank- Good negotiators get the bank to waive their right to a deficiency judgment- Credit impact is low compared to foreclosure.