I'm not sure how a credit score can actually monitor income, but if it is, mine would be hard to follow.

i talked to banks and got denied, and credit card and got denied. i know the solution is getting a job. but till than if i were to find a house that was a great flip how would i find the money?

There is a forum on here for them so you may want to set up keyword alerts to monitor ithttp://www.biggerpockets.com/forums/521-events-and-happeningsThere is also a section that lists REI clubs by state but I cannot find it for the life of me.

OR (and, now that I think of it, this might be the simplest and best solution,... just thinking as I write, lol) perhaps they would be happy to just go ahead give you mortgage secured by your current investment property (cash out refi) if you were to guarantee to use the money to pay off the credit cards.

After leasing the property for at least 6 months I should be able to apply for a conventional loan and have to put little (if any) additional money into the deal due to the forced appreciation.To me, this solution would be similar to taking the property subject to but without the owner having to give up the deed to the property.

I'm monitoring this topic so thank you for the post.

One solution is to outlaw it altogether, that would be too extreme as there are dealers who aren't really messing up, but still can't reasonably required to go to some one year class and then be required to work in finance for 3 years before they could do a SF deal, that's just still to extreme.

That's a clean ~20k of profit for me for just being able to take action and find a solution that works for everyone all-around!

I have no real solution other than to make sure your properties are secure.

Once you're in that situation though, I'm almost positive you will find a solution, as that's how it just works.