The credit cards can be stifling, but in the grand scheme of things, $40K isn't a ridiculous amount.

Together we make about 120k-ish and as were doing this, were actively paying down our credit card debt which together is about 20k at the moment, just fyi.I feel like this is a solid plan, but I'm not too big headed to admit that I don't know everything.

They are ready to walk away from both of them at $100k each in exchange for someone to pay their mortgages and save their credit and marriage.

They are ready to walk away from both of them at $100k each in exchange for someone to pay their mortgages and save their credit What made you interested in investing in this type of deal?

For agents, this presents an opportunity to stand out by guiding buyers toward properties in these profitable neighborhoods, making you the go-to resource for savvy investors.If you're curious about how SB-9 can work in other parts of California, definitely check out It's Time to Invest in California, now!

Would anyone care to recommend a bank, credit union, etc that will do a HELOC on an investment property?

If the inspection reveals a bigger problem, either you can try to keep the deal alive by offering a seller credit, which could motivate the buyer to move forward, or the buyer walks away. 

If someone weak and/or desperate comes across this program they stand to lose thousands of dollar they may very well not have and that will put them from a bad situation to an even worse situation.3.

If It is a wholesale DSCR lender that also does TRID loans, they might require a bit more paperwork, such as a VOM, mortgage statements for properties currently owned, and credit supplements on mortgages on your credit report.

So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.