Buy and renovate the property and in 6 months do a simple cash out refinance and pull out some cash and start the REI process all over again.I am North of you up in Pinellas County West of Tampa and there are also some great places up here that might save you some cash. 

I'd start the refinance process right away, or just pay it off, or sell. 

People who get evicted could care less about a judgement or the collection process. 

If I'm wrong in my thought process like others I'm here to hear the best advice for all of us :) 

Loan amount is essentially unchanged since the loan is just under 2 years old.I thought the lending process was absolutely obnoxious last time around so I was wondering if anyone had any good referrals or recommendations.

Given how the housing authority does their rent price determination on individual units, and government ran programs are never beacons of efficient processes, it can go either way.Note, the examples I speak of only relate to C-Class and below areas.

Since then, I've documented the process as a Boutique Hotel investor and have a deep commitment to sharing my knowledge around Boutique Hotel Investing with others who are looking for a path to financial freedom, and Boutique Hotels is the best path to get there in my personal opinion.

I’m happy to guide you through the process, share some success stories, and help you avoid common rookie mistakes. 

Now my first property currently has a tenant that is not paying rent, so we started the eviction process.

Let me know if you have any questions on the process of appreciation and even tax advantages, especially since y'all are engineers!