I don't think there was any warning from their team on the choices the previous board made financially. 

Alternatively, the owners who's checks have stopped coming in from the arbitrage guys may be very keen to sell. 

our town usually robocalls everyone about alternates side snow parking, issues and other things.

Should I look into an alternative financing solution so I can pay the bank and fire the GC so I can move the project forward? 

If market rent is currently at $2,600 both sides combined, then that is a shortfall of -$274, not a great choice in my opinion. 

Do you have an alternate exit strategy and how long can you hold it for... that's what you need to be focusing on right now. 

Craigslist, zillow, and facebook are obvious choices.

CRM's choice is highly dependent on how you plan to use it.

I see your in NY  if its a NY property that does limit your choices NY is one of the most dangerous markets for HML Vis a vi you have a loan go bad and its forever to foreclose.. so that gets priced in.. along with many simply wont lend there I know I never have and never would same with NJ  just have to find folks that know and like that market..  

It seems after listening to a few of the podcasts there are alternative solutions that would be better suited to start and grow and wouldn't have to wait the 2 years to refi.My logic was that the VA Loan is $0/down on your 1st mortgage and 20% down on a second mortgage and I didn't think I would be able to afford the 20% down on a property in Hawaii.