Did I misunderstand that?  

Why would you need to seller finance the deal, can you sell it traditionally on the MLS or Craigslist, or did I misunderstand when you really meant finance repairs from out of your own pocket.

I may be misunderstanding the question, but I assume you want to take a lump sum interest free cash advance on the credit card?  

just read Nates comments, am I misunderstanding the issue?

You may be misunderstanding how the numbers are going to work.I think the best scenario would be to get a construction loan to fix up the other side, and then move into it.  

Yes, but it's what many flippers will do.You already suspect what you're going to get along with his low price, tons of drama, tons of your time supervising, negotiating, ending in arguments, misunderstandings and your return here to post about the nightmare you're going through.You want proof of insurance GL/WC, references and a price that you believe allows the contractor to make a profit and want to finish your job instead of walking out on you. 

Don't misunderstand, I'm not saying this amount the damage is insignificant to you.  

One time I walked into an MLS property and my first reaction was that the local market is stupid, this thing is so underpriced people are misunderstanding the potential.

@Ian Ippolito Unfortunately, you are misunderstanding our model, but I'm happy to clear it up for you. 

However, you may misunderstand my points.