Still not clear if you had a joint venture agreement or a recorded mortgage with a note in 2nd positionBut sounds like hard money lender foreclosed and it wiped out a second lien.If you gave loan in that persons name vs LLC then you could still get a judgment and recourse but if it’s only LLC with no personal guarantee then your options are go after LLC only (and hope their are other properties in the LLC)What due diligence did you do on this person originally?

Also, think about hiring a property manager.Regarding the Florida ADU,Using a HELOC can be an option, but speak with a financial advisor to ensure it aligns with your financial goals and risk tolerance.

@Sumiya Mahmud Have you looked into some of the self managed software options?

So true, and any aggregated list of all of the various fund options will need to some serious disclaimers about investor due diligence & liability.  

If the asset needs updating etc you may be severely limited in carrier options until upgrades are made.

Sounds like moisture intrusion issue, both options suck.

For example simply filing a quit claim deed to transfer the properties to one entity (existing or new) would be easiest however that may not be an option if you have loans in place... 

Before the settlement and after this settlement, buyers always had the option to approach the listing agent directly with an offer, a power they've held all along.

I am looking at purchasing a 2nd home for vacation/rental options and need to secure a good real estate attorney. 

Local or national groups could be a good option.