How this is done depends on your local laws. 

Depending on what you find gives you more insight on if you want to spend that court money versus keeping deposits if any.

I'm not sure what crop land is going for in OK - guess it depends on if it's dryland or irrigated land and the type of soil, crop land vs pasture etc - anyways lets say you get 2-3k an acre - that's plenty to get you going. 

It totally depends on the investor.

That being said, there are still good deals out there depending on your level of experience and risk tolerance.

@Ken Domond That is dependent on your investors, time horizon, due diligence and research (primarily, around rents and rehab costs). 

It is all going to depend on the building layout, etc.  

Agree with other posters that if you have lost trust in this contractor, even if cost more, you need to cut your losses and find a new one.As to what to do with the existing contact; depends on a number of different factors having to do with the size of the contractor, how big the contract is and emotionally just how upset you are about things.If this is a small contractor then there are likely few if any assets in his company and it is generally very easy to shutdown one LLC and start another one with a similar name so suing them is just a money pit; its not fair but very common.

There might be a seasoning period to refinance the property of 6 months or less depending on who you refinance with. 

I'm actually better to correspond with via email, but it will depend on my current workload on how much help I can provide.Also, if you are on Facebook, there is an Indianapolis Out of State Investors group that you may find helpful.https://www.facebook.com/groups/260862967817696/Most the members there are on BP, but it's specific to Indianapolis.