The cash-out proceeds were reinvested in buying apartment buildings for more cash-flow. 

Thank you everyone, I have already set up "keywords alerts" and I hope and pray I get all the tips I needed to do the business, thanks Brandon for articles tips to read.I have this question for you guys again, I saw some forsale signs in my area, can I just walk in and talk to the property owner, or call the estate agent to enquires about the property, or is there any articles to read for this process how to start a conversation with the owner before proceeding to ask about their forsale property.  

Can the finance company start foreclosure proceedings again in the future?

Then you can proceed from there.

I paid for the inspection, liked the results, and informed the seller I was ready to proceed to closing.

Just have them offer you 20% carry-back financing, get qualified for the remaining 80% conventionally, proceed to purchase the property and complete the renovations, then refinance after seasoning.

Matt's a little bashful on this RE stuff sometimes:)  However, he really knows this REI stuff!

It would cost a great deal more to proceed without meeting codes and then fail inspections.In my humble opinion, you are better off paying a decent fee to the architect rather than cutting corners and having a bunch of missing details and code issues.

Just finished a flip and we thought it was proceed right but no showings.  

In a normal transaction the seller will pay the commission from the proceeds of the sale.