"cash out refi to pull out cash tax free and acquire additional investments" - any further detail on how to best proceed with this approach?  

(ie who gets how much from the refinance proceeds, and do the investors typically still keep any equity in the project after their capital has been returned through a refi?)

I've watched them on the surveillance camera rip down the notices taped to the front door and crumple it in a ball and toss aside, never reading the notice.Speaking of the surveillance cameras (all outside), I've also seen their drunk friends bash and smash 2 of the cameras.I've been pressing for them to get out without an eviction, they just signed a Quit & Vacate agreement for July 31, but by the looks of things, I don't think they're planning on going anywhere and I'll probably have to evict through the court system.But come this January, my rental headaches in Hawaii will hopefully come to an end as I've sold my house, my last Hawaii property, and we're going to close in January.I will never, never, never own a long-term rental property in Hawaii ever again.

In the meantime, the bank began foreclosure proceedings, changed the locks and winterized the house.  

The real money for these folks Is in doing the GURU seminar business when they elevate to that level. they make 5 to 10 million a year.. and all is good for them. and they could care less what anyone thinks of them.. and any on line bashing is just a little nat to them.that's were the money is made  its not in the flipping of homes.I personally flip more homes than any TV guru by probably a factor of 10 to 20.. and I don't make 10 million a year.. but I don't starve either  LOL 

The lender was able to get the stay lived in order to proceed with foreclosure in 2011.  

I've already spoken with my regular escrow about how to proceed. 

Should I sell it and use the proceeds as a down payment on our next home (and start my RE investing career with a different purchase on more favorable terms)?

To help you learn more about my track record please proceed to message me, let's talk about how I can help you Purchase Real Estate at the rock bottom price and then move forward taking about how I can help you, as a absentee owner. 

This means that in order for a title insurance policy to be provided to the purchaser, the recorded deed will have to be payed off out of proceeds.