@Shannon Wright, thanks for the information, I was able to get my EMD back :) Thank you!
@ Wayne Brooks, making nice with the former owners would be nice, but you're right, who would do that especially if you know the house will be gone. I explained to the lender that I was using Business Credit Cards for the down payment, and that I was just acquiring them (there would be restrictions as to cash transfers for a period of time). I think there was a misunderstanding as to what could be done. Thanks you..
@ Lynnette E., cash for entry would be ideal, and I was reading where people would give cash for keys (encouraging the former owners to leave early). As for another source of income to take care of the down payment, I will use my investment fund (next time:) that I used to purchase my duplex last year, but I have to pay off the balance that I borrowed first.
Thanks everyone for taking the time to help me with your suggestions. In short, I thought that Business Credit Cards, even though they are great for business purchase, presents a challenge in the beginning when using it for the down payment.
I'm learning as a new investor, and it's encouraging to see that others like me, that have made mistakes, learned from them and have gone on to crush it with their investing.
Thanks again everyone!
