One of the main reason the last recession took longer than it should to recover were people like you who saw success during the growth period and all of a sudden the recession hit with no contingency plan to keep your investment.

I also love all of the stories of their cash on cash return, which lasts for a short period of time before the house is shot up or tenants trash it. 

Now I’m wondering about new properties that I buy later this year and the renovation period lasts into 2019.

Are you still in the inspection period?

So I had to shell out cash for the monthly amortization and assoc. fees during this vacant period).Currently, it's been available for leasing for about 3 months after everything was settled.

Interested in hearing about a personal experience related to delayed financing, where an investor teamed up with a bank to pull money out in a relatively short period of time in order to reinvest equity in another property without the 1-2 year seasoning.  

[How I think it would go] -> You Find a House -> Contact Owner -> If Good Price buy it and finance it [I do not know how I go about buying the property] -> while financing find a buyer [Not yet sure how to find a buyer efficiently] -> Negotiate and Sell [Not sure on how to protect myself]So basically I just need to know what papers are involved, how do I get the papers, Who do I need to get the house in my hands and then gone.Thank you for any help in advance

I would just add that when you do go under contract; have a general contractor with you (if you don't know what you are looking for) during the inspection period to give you a ball park estimate of how much things will cost.

Paper assets also are not very tax efficient .

Additionally, I would set up a acquisition an rehab line of credit to leverage funds so oyu can by more in a shorter period of time.