What are some of my options or is waiting it out rather than spend any more money on legal the best bet ? 

However, there is no minimum Warrant of Habitability in Arkansas.

And I went just above your net worth goal.Given that you have a pretty good head start, I'd bet just about anything you can double your numbers and thats probably where you are going to end up when you're 45..... 

I bet you can find a handyman that could give you something to break free of the dreaded Lowes/HomeDepot style.

@Dusty Bowlingdid a great job with 13 flips in a year, but as he said, he has been doing this for 10 years, and I bet he already has systems in place, and relationships with Realtors, contractors, title companies, etc. 

Most bidders will make an educated bet based on the HELOC credit being fully used, default interest rate in place and advances for taxes and forced placed insurance likely, too.

While I am sure it wasn't very funny to you at the time, I'd bet that a story about the yard of your rental being dug up in order to facilitate a mud wrestling showdown has to be a crowd favorite at parties.I am curious, though; did you make any attempt to recover the damages done to your property? 

Unfortunately I was a total stoner surfer/skater and I did not learn study habits, graduated with a 1.3 gpa, and spent every dime I made on having fun.

I do not think he will do that, but would not bet my house on it.

Your best bet is to shadow a flipper for a time and then offer your services as a partner or stake partner.