Unfortunately my credit took a huge hit because I co-signed for someone’s vehicle and got burned with them missing 8 payments.

If you are part-time, I wouldn't do this because you won't be available for them or know enough to help and will burn the friendship.I would have to know why you got your license to tell you what to do first.

Got so burned

@John Currey, leaving it up to the contractor to tell you what needs to be done is a great way to get burned and lose money.

After being burned more times than I care to admit to, I've realized I'm a business, not a charity. 

but yes it does come down to that.. in tax cert states keep in mind many insurance companies or large corps or hedge funds will bid down the returns to 3 to 5% there by cleaning the clock of every private investor who thought they were going to win at auction.. so what happens in reality is people burn out doing DD and never getting anything . 

I had a cabin burn to the ground, and the cost to replace it exceeded my limit by 50 percent. 

@Darrcelle McGinnis wow, I should play the lottery today:)Couple of thoughts:1) Don't burn a bridge with the contractor friend.

He eventually grew to around 50 rentals and was getting burned out.

Many people relying on the LOC short term debt instruments were burned after the Great Recession.