Pay down high interest debt or any past due bills.2.

Good debt... or at least I would take it any day (the wine or the loan). 

If you "redeeem," after making this side-purchase from the tax debtor, then you step into their shoes; if there is a large mortgage on the property, or other liens, those would not be cut off, and would still be owed against the property.  

It should be in the "Default" section and may say something like this:If Landlord assigns any debt or amount owing by Tenant to a collection service, then all collection costs and additional attorney’s fees will be added to the principal balance or judgment.Kirk Cullimore is Utah's largest eviction attorneyThe Utah Apartment Association will have some guidance on this and maybe have preferred providers.Up here in Logan, we have a collection agency (also with in-house attorneys for judgments and garnishments) called CSL.One of these agencies should provide the service where you can turn over the leases with outstanding amounts and they will take over from there. 

Things like unverifiable income, undisclosed debt, or even just having too much household income for your area can cause a loan to be denied.

Sure, you'll get something of a judgement, but you likely won't be able to collect on that unless the debtor voluntarily pays, which is rare.

I haven't.I have talked at length with some judgement companies before going after tenants.The jist of it is usually they like going after a certain size of judgement.They pay for court costs and then split with you 50/50 after deducting costs to collect.It takes on average the person was telling me 3 to 4 years to get a good chunk of the money.Some will buy the judgement from you today of course for 10 to 15 cents on the dollar of face value.Of course they will check to see if the debtor is judgement proof.In that case they won't buy it at all.So yes you can make money at it but not get rich quick.

I was curious to know if anyone could help me out, I'm only 20 years old, I don't have a credit score or any credit cards, but neither do I have any debt or bills seeing that I am living at home for the time being. 

If you go from a $1000 rent payment to a scenario where you pay $200 out of pocket towards your mortgage, then you just gained $800 a month to either save, pay down debt, or invest in other opportunities.

The property is above 1.25, my credit score is high, it’s 25% down  HI Charles it would not affect you as only the subject property or the property you're apply for needs to meet that gross rental calculation (provided by your appraisal or rental income appraisal form 1007).The personal obligations, debt, or personal housing expense, or any other liabilities for that matter dont matter on DSCR loans (they would matter if it was a full doc conventional loan).Hope that helps.