Its always best to attack water issue from the exterior. 

I've read about Heloc's, cash out refinance etc. but don't have a firm grasp on the minutia of how these work and what the best plan of attack is for funding rehab.Second: Although I'm preapproved, is there a concern for my lender rejecting the deal because of the rehab involved or the lack of a Cert of Occupancy at closing? 

Also let them know if the dog is aggressive and does anything, you will be pressing charges against them and the dog may be removed from their care if it attacks someone.  

Also, the sellers aren't able to come up with $1200 a month so you have a better chance get attacked by a bear then them bringing 25k to closing.

If two or three attacks like that would've happened one after another every couple months… Who knows?

Lisa, part of attacking your debt is creating disposable income to pay it off.

(I wanted to attack the principal only).

All your points are valid, I don't mean to attack you - merely just to present the other side of the coin :)Cheers,Patrick K.

That does not attack the source when it's embedded in the slab though.

What is your plan of action and what avenue of RE investing are you planning on attacking.