Has anyone experienced a situation like this and what is the best course of action to take.2.

What I am really struggling with as I develop my strategy is; why would anyone finance a deal vs paying all cash (assuming you have enough cash resources of course).As an example, assume a turnkey house costs $200,000 and rents for $1800.

Of course the most recent podcast was "10th grade dropout to 400 unit apartment complexes (WITHOUT raising money)." 

Whether you're a beginner looking to break into the world of real estate investing or a seasoned professional seeking to expand your portfolio, this guide will equip you with the knowledge and insights necessary to make informed decisions and achieve success in the dynamic and rewarding realm of real estate.Understanding the BRRRR Strategy:Buy: Discover the essential skills and knowledge needed to successfully identify the right properties for the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.

Of course don't take my word for it since I'm relatively new to this and all but real estate here is very expensive and I don't know how much longer people will be willing to pay this much when there are other cities like Raleigh and Charlotte around.

Renovations could have been more targeted Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I would also ask the DA, hypothetically of course, what would happen if I then did option 2 or 3 and the ramifications of such.2) Nothing.

as  new home builder I can tell you that in many markets existing props are far cheaper to buy than trying to build from the ground up and of course you have far less drag on the money. so your location where you want to invest will dictate.. 

So what do y'all think should we push forward and rely on our will, wit and the opinion of our professional team.

I've been watching BP youtube daily for months,  read many many books, been practicing running numbers with an app finding deals etc, plan on taking boot camps here and also Zubers course.