Real income for the bottom 90% has been stagnant for forty years, and has declined since 1999.he only way to keep consumption rising when incomes are stagnant is to boost the borrowing power (i.e. collateral and creditworthiness) of households by inflating asset bubbles that create temporary (i.e. phantom) collateral and by lowering interest rates so the stagnant income can support more debt.This is why the Federal Reserve and the other agencies of the Central State have been reduced to blowing serial assets bubbles: there is no other way to keep a consumption-based economy from imploding.But "prosperity" based on serial asset bubbles and near-zero interest rates is neither real nor sustainable: real prosperity is based on rising real incomes, not debt leveraged on phantom collateral.Read More

My FICO score was hurt badly and I had numerous troubles getting financing on my properties.I am sure you get the morale of the story by now, and I hope my story help you not to make the same mistake...However, life goes on and I still need to deal with it to get my financing...

Available to used credit will affect your score heavily.Example 1,000 limitYou constantly use 75% or 750 ( aversely affects score)Use 50% or 500 ( It's a neutral mark)Use 33% or less 330 ( this will generally help boost your score).No legal advice.

In sitting back and thinking on this I believe I have figured out a way to approach the situation in a moral and proper manner. 

I'm not 100% sure on the tactics used but you can try to boost it up.

There is also the process of gentrification to consider, from a moral perspective, but I guess flipping it incurs the same questions...

This also will help boost your credit scores you will remove all revolving debit which is looked at differently in the credit scoring algorithm. 

Moral of the story, there is risk, more than what is likely being sold by the OP's Seller or understood by the OP on his own merit.Is this a good deal?  

Long term cheap financing is key, and today's rates are still pretty good.The vacation rental market can also be a great way to boost returns (1% is achievable), but you'll hiave higher costs since you'll be suplpying furniture, silverware, etc.I'm pretty heavily invested here and looking for out of state rentals as well, but the risk hasn't really justified the returns yet.

(warning links to PDF) The West Oakland specific plan puts West Oakland on track for smart, and profitable, infill development that will further boost your appreciation oriented investment angle.