With a title search/insurance you don't have to worry about assuming part of someone's debt, unless your contract specifies you will.

@Jeremy McClure It all depends on your monthly DTI (Debt-to-Income) to see if you can borrow from a bank again.

 * If the seller has debt on it, then it's also an easy way to find a bank crazy enough to lend on it.

Another reason I believe this to be the case is because when I called to ask the status of the green card when I was first thinking about purchasing the property, they told me that this property has never been registered with the, The property is at least 75 years old, I find it hard to believe it could have gone on without one for this long, if it was required... please chime in.

I use multiple cards for re-habs and that works well but it would be easier to have a line of credit to keep everything in one place. 

I am not looking for people to toss me their business cards, so to speak, I'm more looking for references to these folks.

Look at auto subprime, student debt subprime, oil subprime.  

As far as down payment/closing costs - our plan is get MSHDA down payment assistance/credit card or private loan on my name.

I actually attempted to pull out as much as I could get, but because my debt to income ratio was so high 80k was the best they could do for me.  

My original thought is to pay off the rental ($45k) because the 700 month after expenses is a better return than .75% in a savings account.After reading similar threads here, others would argue pay off your personal debt and let renters pay down the other mortgage.