The state board can also take down those who are operating without a license that should have one, and at least here- its one of the few enforcement actions that's easy to prove & has some teeth behind it.

Lots of things to learn and this seems like a great site to sink my teeth into.

You don't pull your own teeth or go to court without a lawyer.

The loan officers at the bank are financial zombies looking to sink their teeth into you and infect you with their virus.

I am new to RE investing and working at cutting my teeth at wholesaling and Lease Purchas Options.

Rough area, but I wanted a high-risk, high-reward opportunity to cut my teeth.

I have lived through a bathroom renovation (only full bath) where I had to shower at the gym every day, brush teeth in kitchen, and use the basement toilet when needed. 

Now I am going to take it in the teeth for the new healthcare requirements because I will not qualify for any subsidies etc...

Cash out refis in the secondary I believe is like financing hen's teeth, nonexistent right now (use to be you could, then they stopped, then on, now off .There are other sources for large loans, investment banks, brokerage houses, insurance companies, REITs, etc.Another tactic is leasing to a business entity and have it sub lease to tenants, then finance the lease agreement.

If that is indeed true and you go through with the short sale, you will take a hard hit on your credit and be restricted from getting another loan for several years.If the property is worth even the same as the loan, you should simply market the home and pay off the bank at closing (keep making your payments, do not miss even one to keep your credit in tact).If the market is rebounding (i.e. prices are increasing), it may be worth the while to grit your teeth, cut back on expenses and wait for prices to increase so you can avoid a short sale as all costs.