Before she can pay you she will of course need to address:– HELOC payments– reconciling HOA dues– ongoing mortgage payments– normal monthly living costs (in SF)– normal insurance expenses (in SF)– ongoing out-of-pocket medical expenses– ongoing CC debt payments (which creep up when unemployed)– beginning her own personal financial recovery and savings needs– taxes, and a possible bump in accountant fees to navigate a challenging financial year– one or two typical building expenses which will not thoughtfully wait to occur for your sake or hers (her share of a new roof/walkway/HVAC repair, or replacing a major appliance, etc)If she can’t pay:– do you have a slower payback contingency plan?

I dont like the sales techniques though of putting folks into massive CC debt to buy the program knowing full well 90% will never do a real estate deal.. just like all the new folks that come to bp for a month or so get all jacked up and never really do anything unless they have a good W2 and can buy a rental which takes no special training or thought process its the simpliest concept in business to understand.. buy house rent house..

If your purchase, repairs and CC come to more than our loan value, then you need to bring the difference.Like I said though, it depends on your lender.  

I have been to the CC Foreclosure auction for most of the last six years and those properties are also going for near market value.

Also a lot of their debt is student loan, which I think can be deferred in most cases if things get bad - one of the loans is already in deferment - the rest of it is cc debt.

Recently we have become more interested in pulling cash out (70k) which would pay off our cc debts,2 car payments, and provide 45K to put down on our rental property..We have 50% equity in our occupied house.

Would you all be willing to take a tenant to pay by CC if there was a 2.9 +0.30c charge?

You want your tenants to go online and pay via ACH or CC, that's not available in QB. 

This process also requires you to select what property the receipt is for, what bank or CC you used and what account it should charge this expense to.

I also take debit cards through my CC machine.