Unless you are willing to offer more than the cash offers then the seller might consider an offer with a financing contingency

Any credit card is not an asset, it's a liability or a contingent liability to the credit limit.HELOCs are mortgage debt, either a liability or a contingent liability, a lender may allow you to keep  a HELOC, most will want it paid off and closed, then reapply with them if there is room for the LTV.As to existing mortgage debt, say a second that is to be left and subordinated to a new first mortgage holder, there are two aspects of underwriting, origination may use the interest rate at application, however, the total debt in underwriting may consider an increased rate, by the ceiling of the next adjustable rate or even the life time cap.

what would they consider an emergency?

Karen Margrave I'm curious- would you consider an equity deal for 30-40 SFRs to be "going big" or "going home"?

@Kyle AlberryYou might consider an entry level property management job.Paul

In fact, if you want to look at it from what some might consider an unethical point of view, you are in better shape if you are overleveraged in a crash, provided you have properly shielded your personal assets.

I would consider an SFR, but it seems like multifamily properties have better opportunities for cash flow.  

You might be able to make a contact there and see what the story is and if they would consider an offer from you.First, go to Dallas CAD to get the legal description and then search the county clerk public records for the deed.

I would certainly consider an assignment if there's interest from the right developer. 

Hi Chris, You may want to consider an alternative lender that does not focus on your personal income.