So when we did not receive any response to our emails for several days, this naturally triggers concerns and emotions.

There are many cosmetic issues which can be fixed but had concern from inspector on foundationReport - "Monitor: It might be wise to get the foundation remeasured within the next year or two to better evaluate the rate of movement.

Though tapping into this if I have to go another route for acquisition and rehab does not make to much sense to me unless I use said lien for emergency funding.I do have the funds to cover the down payment if I go the hard money route as I was hoping to keep the acquisition side simpler via HELOC, though I don't think that will be possible this time around concerning the market in my region and what I have available to work with.If anyone has a lender they recommend or knows someone who could walk me through the best options for my situation, I’d really appreciate it.

And my concern with the second option is a long vacancy.

Also concerned about homeowners insurance in this area so perhaps should look in a different state (NC or SC).

I've been considering it for a few years now, but have some concerns and can't seem to do a satisfactory research.

Mostly concerning contractors and my availability to project manage.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you are not wanting to risk anything with them further then the next time they are late you can seek local counsel and see if you can serve them to evict them since there could be serious concerns about their ability to pay based on any bankruptcy judgments and plans established.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

So I would be concerned that the loan was poorly underwritten (low down payment?) 

Complete a cost seg study - combined with leverage it is feasible to deduct your entire equity contribution in year 1.I have a client who acquired a few STRs a while back.The bonus depreciation helped her offset $250,000 in income that would have been taxed at 40%+.This is a huge advantage for non real estate professionals.And why buying short term rentals can be extremely lucrative from a tax savings perspective for high income earners.