That can put you into a financial downward spiral and wreak havoc on your finances – all with your original equity on the line while attempting to build new equity.HELOCs, as we mentioned earlier, are also variable-rate products.

I came across several Owner Financed properties that I am attempting to purchase.

@Nathan Goodlove I'm not sure if it's necessary to use an attorney as a registered agent, but it's probably a good idea to consult with one before you attempt to do something inherently legal such as asset protection.

My partner believes no-shows are to be expected in a Class C and we should give them another chance when they attempt to reschedule. 

In an attempt to learn enough about wholesaling to get started.

I do have access to 60k plus some more private money if needed for a deal.My internal debate is that im feeling quite spread thin between holding a contsrtuction job, learning how to be an agent (and get that business going), as well as attempting to purchase a fix and flip(s) in order to buy and hold. 

In general, consider that once the notice of sale is issued, very little or no time remains to attempt to stop the sale and pursue another remedy.

Also, any time you accept something like that from the tenant, be prepared for them to later use that as an attempt to leverage something from you (e.g. bizarre repairs, upgraded appliances, bringing in unauthorized pets, etc. - The list goes on forever and ever). 

After a few attempts, you should have built plenty of knowhow to understand how to do some of these basic estimates yourself. 

Have you attempted a short sale to settle your debt?