I'm trying to stay objective about the build process on here, so will avoid speculation.Objectively: -Builder had said on a couple occasions, about six months after slab pour. 

They may also be able to temporarily relocate your tenant to avoid any other issues.

I always plan to have 6 months of holding costs available, for after I finish the flip, just in case I missed the market.If a lot of houses are sitting on the market for a long time, (can't sell) I'd definitely avoid it. 

Everything the banks do is for the reason of avoiding liability in case the borrower catches on.

I'd personally avoid the hassle if I wasn't at least hitting double digits on expected IRR (and as I've said, I'd rather be in the double digits with CoC and even higher IRR).Everyone has different thresholds for risk, expected returns, etc and should only do what they feel is "best".

This is most applicable for growth of a portfolio, not avoiding cap-x. 

I do not know enough or want to look into it.I will take this another direction though - should they actually rebuild those homes or should they re-evaluate the area and implement a plan to properly zone and master plan those areas to avoid this in the future.

Then compare that to what you’d net by listing it as-is—factoring in the time you save and the carrying costs you avoid by not renovating.It might seem straightforward, but once you dive into the numbers, the difference between renovating versus selling as-is can be surprising.

And the ONLY way to know the actual laws and rules of bidding at foreclosure sales.For Pre foreclosures  Eric is correct many states have enacted laws that must be followed to avoid large penalties when dealing with Owners Occupied homes that are in foreclosure.

I would avoid furnishing.