A purchase agreement is a waste of time and energy and complicates the issue for Harry Homeowner.This is not a beginner strategy as there are federal laws concerning approaching debtors who have been given a notice of foreclosure.

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

so i had zero debt or interest payments on it while it was being fixed up. 

If it was medical debt or mortgage debt, you’d be getting more help here.We know how you live - fiscally irresponsibly. 

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

One is that a modification agreement can be reached and the debtor starts making payments as agreed to.  

I don't know anybody that keeps material credit card debt or just pays the monthly statement when due.

Liabilities are common among tax foreclosed properties and are often the reason the debtor or heirs are not paying the dues. 

How will I finance it (equity, debt or a mixture of both)?

The note investor who thought the debtor had to pay for the full term of the note and couldn’t pay off the note early 5.