The tenant refused to move out after 60-day notice and the tenant has also ceased to pay the seller since then and up until current date. 

My number is in the signature of this forum post. 

Post the required notices and pursue eviction on your tenant.

Thank you for your post. 

Based on your post, I would say you would be looking for a DSCR cash-out refinance and then use that to contract a builder. 

Your mentor has needs; try to meet them and develop a mutually beneficial relationship.A mentor can be very beneficial to your growth, but it's not as simple as one post on a forum full of strangers.

I am under contract for a multifamily since October 5th last year, a bit over 4 months as of writing this post.

Hi All,I've read some posts about achieving FIRE via real estate investing and I'm hoping to start doing that 2024.

- I purchased a foreclosure property in Maryland- in MD, the court has to ratify the sale... and this can take at least 30 days- the trustee mandated that we close no later than 15 days post ratification- I was ready, willing, and able to close per the date they specified- we decided to push out the closing a few days due to inclement weather- several weeks have now passed since ratification and they've continually delayed the closing- I'm on the hook for interest from the day I win at the auction until the day I close!

You'll end up with similar income/expense profile but have all the upside you described in your post.