If it got dragged out for 2+ years because of a BK or a defiant borrower who contested every step of the foreclosure process, would soon find yourself deep in interest debt.  

I'm hoping the siding isn't asbestos, my main concern is pulling the vines off might break off siding and then cause a hazard.

Understanding The Income Tax Implications Of Tap Home EquityPrior to the passage of the Tax Cuts and Jobs Act of 2017 interest on up to $100,000 of second mortgage debt via home equity loans or HELOCs was tax deductible no matter how the money was used.

Depending on the class of tenant, you may need to up your vacancy percentage and you may have some "bad debt" (rent that is never paid). 

One of the main reasons is that it is harder to avoid a taxable event at exit, even if you want to exit but still own/control the underlying property.

What is your DTI -debt to income ratio, credit score, and LTV right now? 

Here is a break down of all three:First disbursement is for demo so it's relatively small given it's mainly for labor.

Because everyone will list all the main ones I will go with what I think is the best although it will likely be considered an outlier.

What’s the minimum I need to do to sell the main house and extract the most value out of the land that’s just sitting there right now!.

Out of your Profit, you deduct debt service.