In sum, I believed it would jump start my financial goals and I felt comfortable enough to take on both the new mortgage payment, new cc debt, and previous debt.

I've seen the 0% CC strategy and used it to some degree in my business.

Mid 700's credit, no cc debt, 1 car payment. 

Now, the easy answer is if that MFR you're looking at is cheap enough you can cover the down payment/CC's yourself then just use the other funds if even needed to cover updates/upgrades to the property outside of the transaction. 

Thank you The foreclosing entity would need to serve the CC company to have it wiped in the sale. 

I personally prefer CC to Palms. 

@Rodney Menendez, we're just wrapping up our first 12 months with our STR in CC. 

A end loan mortgage is what makes the most sense, but dont get caught having to leave money from the LOC in the deal to cover the down payment.LOC is typically much much lower interest that cc's also.

my C/C return is about 12 to 15%.  

I recommended you use a hard money lender for a down payment and at the same time, use a business line of credit for rehab, I use cc funding with 0 %APR. good luck with your investment.