@Melissa TaylorI would feel the full rehab and flip to be the better scenario where there's a complete makeover and little or nothing resembling the previous situation. 

What would you do in my situation. 

Don't rush into a bad situation. 

We are just starting to get distributions, currently sitting in a business checking account.I'm curious how others have handled taxes on this type of situation. 

Situation: 18 yr.

I'm going to go to my credit union and talk to their loan officer to get as many answers as I can, but I'm still at the point where I don't know what I don't know, so I'm hoping that some of you can provide me with questions or situations to ask the lender about that I may not know to ask. 

The only situation where I have heard of a foreclosure being reversed is if the homeowner can prove a mistake was made or if they are in bankruptcy.

So I recently had a house fire in one of my rentals and I am looking for some advice as I have not been through this situation before. 

Set your alarm 10-15 minutes earlier for a week or so, then another 10-15 minutes earlier the next week.

You need to concentrate on improving your employment situation and increasing your income.