Also,  I stipulated I would only accept lease of 1 year...nothing shorter or longer as I'm contemplating change in plans for the property after one year.   

They're fast.

A cash-out refinance sounds better than the HELOC+mortgage combination on the first property.Item #3 looks like it can give you a very fast cash replenishment. $120k in profit, meaning you recover your equity, repay all the debt and repay whatever the cost of the rehab sounds like a great return.

How fast will a  town rezone for flooding after flood?  

My target market is the tri-state area and the upstate of South Carolina (but my target market will be fluid as conditions change). 

There are deals here, but you'll have to act fast and have your finances right or someone will swipe that deal from you.Side note, I always see developers putting up subdivisions really far out.

How has the rate suddenly changed?

This has happened to me for something else and finally weeks of shipment date changes turned into months and then it was too late for me to be able to use the item I needed.

The Section 8 portion was actually pretty late as well but I think it may have had to do with the change of ownership.I received an email from my PM saying that they were going to start the eviction process unless I told them otherwise.

I doubt that company will be in business very long, so close that loan as fast as you can and take what you can get.True 100% financing is rare.If your credit is beat up, but your primary residence is good, you may want to look at house hacking with an FHA loan from a company like Carrington Mortgage.