Same goes for bankruptcy or loans you personally guarantee. 

For me, my biggest obstacle is my wife completely against all of this. and a bankruptcy one year ago that occurred due to the market crash of 08.

"Who will get paid first in the case of Ground Floor bankruptcy?

Theoretically, you've opened yourself up to bankruptcy.

With a credit card you can dispute it and if you file bankruptcy the charge could be wiped.3. the lender will want to secure their lien position as well (see #1)- whose to say this isn’t getting done on multiple credit cards4.

Bankruptcy while in primary residence is not a strong enough incentive to sell either.

It’s currently a dirt lot that came out of bankruptcy 3 years ago, got tied up in lawsuits, and is about to go vertical.

Even if you go through bankruptcy they cannot be discharged, so I would pay those off first and fast. 

Only three years of seasoning is required on foreclosure, short sale, bankruptcy, or deed-in-lieu.No employment or income documentation required.

Your 401K has protections from bankruptcy and divorce.