Use the money to pay down my 6.5% mortgage on primary residence.

(not just a general list of what Google says, but based on peoples' actual experiences)

For actual bottomline impact it will cost you at most $4 per guest if they used it all.

You can pursue off market yourself, but it will take either a lot of time, money or both. 

Cons', My money is sat in this house which i cant use for any other personal investments.

I used to service our notes personally but, with the SAFE act and the fact that servicing is a BIG pain in the butt anyhow, I am glad to shift this work out to others so that I can go out and do things that actually make me money!

Both houses were financed via Hard Money at 11.99%.

OTH if she does spend 6months and a day in CO she could save more money in income taxes/property taxes than she does in loan fees.

(I even have access to quite a bit of private money already) But where are these mentor people/programs? 

(In other states there are very different processes where you can actually finance foreclosures and have 30 days to close, etc, etc.)The short version for Florida is that you have to have 5% of what you want to bid on a property on deposit with this website.