and by doing so will it effect my credit making it more difficult to get a loan for the investment property?

Electric, plumbing, drywall, etc..I think this is where I'm struggling to see the ability for this to be done correctly, properly, and effectively.

Then an Automatic Stay goes into effect that stops the foreclosure without a court OK.Depending on which Chapter of Bakruptcy is filed, the mortgage holder has a few options some as set out above.A sale of the property would have to be reviewed by the court as to price and if it is in the best interest of the "estate" (debtor's bankruptcy)What did you mean by "It sounds like the possibility of getting the property goes down the tubes when either of these bankruptcies are filed. "?

No one will invest with you or work with you if you don't have a track record as a successful real estate investor, entrepreneur or business person in the past.Then, you need to get educated on the apartment syndication terminology and process so that you can communicate effectively with team member and investors and understand how to find, evaluate, submit offers on, conduct due diligence on, and asset manage apartment deals.

This is much more effective in the long run as opposed to scrolling through social media and watching television.Manage your time well: Time management is essential to success.

My lawyer charges $650 plus $250 court cost plus I think the sheriffs fee is about $200 and my lawyer said it takes about 30 days

Should I hire a lawyer?

As long as my cash flow from my house isnt effected by it then I'm good.

This will depend on your state law and a lawyer who specializes in foreclosures is your best bet.I see you are in New York, so I am going to err on the side of the tenant on this one. 

-how will my DTI and credit score effect the refinance?