Supposedly the second lien holder is a credit card debt collector, they were listed as the defendant in the foreclosure case.

Hard money and I was able to acquire $90K in credit lines from 0% APR credit cards.

@Joey Samudio, I'd recommend buying the asset with a normal 1031 exchange and then layer on debt for rehab after purchase.

I didn't realize this.I know you aren't on the lending side per say, but follow up question.If I have two buildings in my name with total debt of $900k and I am looking to refinance one of them that has $500k debt, would the 45% DTI be based on the total debt ($900k)?

This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.

but I’m starting to reconsider .Eating the Capital Gains will hurt a bit but we can apply the profit made towards some tax debt as well and then apply more $ to our primary condo out here and get relief of the PMI.OR do a 1031 .However, most people say an intermediary is necessary .I need to do research on how much someone charged for a 1031 .

It could also be worth looking into short term bridge debt.

I was just approved for $235k on my primary home and I have no personal debt.  

A couple of things: - If you put more cash down, perhaps there are opportunities on the debt side that emerge - can you find assumable debt? 

Would receiving the 1099 interfere with my H1b extension or green card application?