Others just jump right in and learn that way, bumps and bruises be damned.

If you are trying to use the "Delayed Financing" exception a couple of things you should keep in mind, #1 you must have paid all cash for the property (no borrowed funds for purchase) and no liens on the property #2 you can use the maximum LTV allowed for purchase of property (ie. for an owner occupied property 97/95% LTV or non-owner occupied max is usually 80-85% LTV) #3 must refi within 6 months of purchasing the property (so for the most part you are going to use the purchase price plus improvements rather than the new appraised value) #4 property will have to qualify condition wise within the lenders guidelines, so no major work should be outstanding like broken windows, holes in the roof, ect. 

You can bring the account current by paying off the outstanding balance.If you're looking to do a cash-out refinance in order to pay off your siblings, I'd connect with your attorney and a local lender to ask how you can facilitate this. 

Wouldn't tell you how much has been paid against it, but at least you'd have an idea of how much is the max that could be outstanding. 

The cash flow is outstanding much better than a SFR or duplex.

Typically 1% of the outstanding loan balance, some borrower will negotiate it down to .5% for the first assumption.

If I *can* do this, how would any outstanding loans I've taken to purchase and improve the property get split and partially paid back to my lender?

Now this may depend on how strict the HOA is, but if the bylaws that you agreed to say no renting, and you rent it, you can potentially piss off the people who have the power to add fines and liens to your property and put up a damn good legal fight.

I have outstanding credit an all the credentials so I’m looking for advice on how to approach this deal.

Job growth and development is outstanding, Austal Shipbuilding, Airbus, A new Walmart distribution hub, a new Amazon distribution hub..