We really appreciate your thoughtfulness.

The advice on exit strategies is to have several, but I always thought that was in regards to a property and now it makes sense to be prepared for a high interest short term loan.

And you guys thought it was hard to find cash flowing deals now, wait until they all build up :)

Please post here or feel free to contact me directly as I'm always willing to swap thoughts/ideas, thanks!

My first thought would be just simply converting everything that uses Oil to Natural gas, even if I am still paying for those utility bills.

That is good to know, since I originally thought it was zoned as single family.    

What are your thoughts on REOs vs.

I thought it was a great idea.

In my dealings with contractors, there are definitely situations where more work may have been required thus more money, the original scope may have changed, or the contractor just thought it was worth more money because "it was harder than expected" or "took longer than expected." 

These are my assumptions so if someone else has any thoughts on why my math is not correct, feel free to correct :)