You can’t use the property personally for more than 14 days or 10% of days rented, whichever is more. 

Let’s connect and get this money!! 

I've sold over 80 homes personally in the last 30 months and I'm usually within $5k of the appraisal report when I run my CMA for clients.

Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private). 

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

So you had saved your own personal money to prior to purchasing the property to use as your emergency fund? 

But real estate will pay you money today and real estate will pay you even MORE money tomorrow. 

I leveraged my owned land to build my personal home.

If you don't have to own your own residence though, why not invest the money in a profitable investment elsewhere and rent in Japan?

I'd need to finance with hard money.