Anyone recommending you should take out a second mortgage to cover the cost of their guru program is giving you VERY bad advice.I don't know the man or his supposed magical program but, this smells like a scam to me.

Unfortunately there is no silver bullet or magic pill in real estate, its work to find good deals and then build relationships to sell the deals.

What are the "magic words" that won't run afoul of the Federal Courts of the United States of America and still "collect" on the debt I may own soon?

How and when you do that is dependant on factors you control and manage based on your own risk tolerance.There is no magic formula, no right or wrong way only your way in applying basic industry standards and your own business goals.I know that all sounds like fancy talk designed to not answer your question but simply saying jack rents and ride out the consequences does not help.

What if the Fed pulls some magic out of their hat and the stock market crashes and the real estate market survives?  

If you become unsecured, there is only so much you can do and there is no real magic to the approach.  

Two PartOne, is Kathy Kellebrook, "the magic marketing lady", any more than just another hype guru, does her marketing system workTwo, wholesaling doesn't seem to be here in my city (Tampa Florida) moving is not an option for me right now (cash level).

I'm assuming this does not work, unless I magically come up with the other $50K. 

I know she will give it to us when we find a place) How will this large sum of money magically being deposited into our account before we apply for a loan go over?

I have a rental property that brings in @ $1000/mo; the rental is owned free and clear; current value @$140kI have no outstanding debt - except my CCs which I pay in full every month; Current credit (fico) score of @ 730 - (just below that magical 739 due to a 'blip' that has been removed) - otherwise I've Never been below 760!