I started my consulting company with nothing but a commitment to quality and service, and initially had to struggle to balance eating with paying for things such a phone line for a FAX machine.

After all liens are paid then the seller gets the balance.

Also, we would be borrowing money from relatives and credit card balance transfers to come up with the down payment.

There is a homestyle renovation mortgage you can get that allows you to purchase a property and perform the rehab all in one loan with checks and balances through the process.  

If you have credit cards get the balance below 33% of the available limit.

with that said, be mindful that a cc must be paid in full or they hit you with highest balance interest regardless of amount owned.HM and PM generally do not want to be in second position on a loan.

Put $100,000 on ht balance sheet.  

Really the vendors are your customers.The secret of great investing is to find the balance between due diligence and analysis paralysis.  

Keep a good balance of education, action and resiliency and you'll do just fine.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!