Hi All, I have been studying markets in real estate investing for some time now.

You are able to get properties for cheaper most of the time.

It seems you have done what can be done and now it's time to ask the question of where do you want to be in a few years when you recover.If you do a "strategic" bankruptcy (just a fancy way of saying starting over and doing better next time) you can be back in business debt free with bad credit and no creditors hounding you.

Thanks in advance for your time.

Does the lease say that you need the deposit within a set period of time? 

During the recent period of low interest rates I acquired some rentals with a 15% down payment in order to stretch my cash further toward down payments on additional properties.This helped with the down payments and my math showed that even with a little higher interest rate compared with 20% down and the PMI until I was able to remove that this would still be the wiser choice. 

The loan officer says the refinanced amount would be 75% of the purchase price and not the new appraised value after rehab.In this case, is it a bad idea to transfer ownership of the duplex into my family member's name and then purchase the duplex back but this time financed? 

How do I stay within the 2month time-line?

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I cohost a BP meet up in Fort Myers and we are on hold for the time being.