Thereis  too much info for here but given your stated information, I'd do the chapt 7, save what I can, and move on.If you mentioned you owned a house, the recommendation would be different.

I'd be happy to connect! 

For example, I'd want to know how conservative or aggressive you were on key assumptions such as vacancy.My biggest question in this is where is the 25.1% return coming from? 

I'd be happy to have a call to discuss some options with you. 

If you are looking to get cash now I would move forward with a delayed finance.If you are looking to pull out the most amount of money possible, I'd look at a cash out refinance.Another option would be to do a bridge delayed finance, pull out some cash now, then refinance again 6 months down the line when the seasoning period is up.I would love to connect and share some ideas as I am working a couple similar loans as is right now.

But imagine the network and influence of its members.  

Following the initial scope of the rehab, my insurance company told me I'd need to update the roof for continued coverage.

I can’t imagine it ever drying out if it did.

I house hacked my first two houses before I'd ever heard of BiggerPockets but it wasn't until I did my first true investment deal, a 100+ year old home in a historic district that was a full gut rehab, that I really learned some of the lessons that I'd heard and read previously. 

I'd like to put multiple cabins/condos on that piece of property.