A business line of credit or personal loan offers flexibility, while a VA loan could be useful if you're eligible, though it’s for primary residences.

I can use other peoples money, lines of credit or other ways to fund the downpayment.

So yes, more like a subject to where I am just picking up his payment.I have already househacked a rental I still hold, so worst-case scenario I would pull a line of credit or bring in an equity partner if more capital was needed. 

You have bad credit or have not built a banking relationship.2.  

Home depot and Lowes, two of our biggest creditors are great about working with small business owners.

The HELOC may or may not disappear, but it will likely be "extinguished" from the property title after auction.After a first mortgage lender forecloses and it's lien is paid off with the proceeds from the sale, any surplus funds from the foreclosure sale are distributed to creditors holding junior liens, like a second mortgage lender or judgment creditor.And by the way, YES you should serve notices prior to entry just to be safe.After you acquire the property, what is the goal? 

Creditors who did not file claims will still have their claims acknowledged by the trustee in line with the Civil Rehabilitation Act of Japan, according to the statement: “The Rehabilitation Trustee has approved Exchange-Related Rehabilitation Claims that have been acknowledged based on balances in the MTGOX Bitcoin exchange database, including those that Users have not duly filed.”

Here's the blue print:The deed holder should be a Wyoming LLC because you will become invisible to your tenants & aggressive creditors & attorneys.

The quiet title action does not impact the previous owners credit or report to the credit report.  

That should attract a savvy renter that performs well because they want to protect their credit or the large deposit.