If I refinance and cash out as much as I can and then collect a decent Option Fee, I not only pay all the underlying moneys (loan, rehab and CC) but between the two strategies I also have some left over potentially equal or greater to my profit if I sell outright.

You can get $1,000 per month in rent with your basic 3/1 900 sq ft home in C/C- areas.

Would you consider this area C, C+?

I would balance transfer cc debt to a cc with a 0% offer for 12 or 18 months.

Hi @Willy Waldron,I have not doen business with them as far as business CC or loan.

Some of your larger expenses may not accept CC for payment either (i.e. utilities, trash, taxes, contractors) 

I have been here since the AF first stationed me here in 1982 and have lived, moved, bought, sold, and (even moved my 90-ton Spanish-tiled/stuccoed house when the county bought me out to build CC-215) our personal residences.  

To place a bid Hubzu requires a $1,000 Hold/Deposit on your CC or Debit Card. 

I'm also a current Business Administration student at Oakland CC, looking to transfer to WSU in a few years for a BBA.

Depending on the size of the rehab, this may be a viable option if you're able to pay down the CC.