I utilize it as a tool to pay off bad debt or to lock in more equity. 

If not, you might need to consider other sources of funding, such as issuing debt or equity.Balance with operational expenses: Balancing CapEx with operational expenses (OpEx) is important.

Like I mentioned, rates here are higher but it's a good option if you have low income (or self-employed/independent contractor), have high debt, or basically your DTI ratio is not where it needs to be for traditional lenders.

I am a first time homebuyer with no student loans, medical debt, credit card debt, or auto loans, and I enjoy fairly low cost of living.

For seller-finance an owner should have no debt or little enought debt that the downpayment will pay off the loan.

@Kevin YooI'm curios is the 36% debt or jv?

After the year expires, you must bar/foreclose the right of redemption of all interested parties, not just the tax debtor. 

Same process though... debtor needs to review the court records and figure out what, if anything, the creditor has done to preserve the judgment. https://law.justia.com/codes/georgia/2022/title-9/chapter-12...

With this scenario I would go construction loan that rolls into perm debt. Or

where as someone who has not can file at anytime.its not uncommon for BK cases to drag on for years.. depending on the situation.. the debtor IF they did not have a complicted financial situation could have been doing a work out and then Covid hit and they had to throw the towel in and just go chapter 7. its not like the old days where chapter 7 had to wait 8 to 10 years.