You should really tackle this debt before you get deeper into real estate, because if we hit a recession, which we probably will in a year or two, and a few things go wrong like you lose a tenant or two due to job loss, and your property values tank 20-30% ... you'll basically be on the verge of bankruptcy.

I have thought about declaring bankruptcy, or walking away, or possibly short selling.

If they are a legally capable adult you're fine.And, as always, tell the truth.You will get to meet and help a lot of people along the way, save people from foreclosure, bankruptcy etc.If you do your job, all three parties are happy.I was helping a gentleman the other day and the realtors fees made his cut zero.  

It would be something like 50k from us and 75k each from them, for a total of 200k to use as a down payment.Her parents are not U.S. citizens, and my parents have only average credit because of a business bankruptcy in their past.My understanding is that banks want every partner over 20% on the loan.

Often they filed bankruptcy to stall foreclosure process. 

(real case)But I'll take any day someone who filed bankruptcy for medical bills - people not going to die because they were not able to pay $100K for a surgery.That's why I meet every tenant and talk to them about everything: job, family, dogs, weather.....lolI want to get their character and life in general.I almost took application from a woman - she was nice and sweet and her income was sufficient with no evictions etc.

So my family and I are in a real tight spot right now, and we desperately need help in order to save our house.We filed for bankruptcy back in June, and were discharged in September.

I thought about the bankruptcy piece of it as well, coupled with the high interest rates she has I think that would be the #1 route to go.

Lawyer/Attorney offices that mat\inly work with divorcees or bankruptcies.

I have an applicant with the following application credentials:550 credit score, two bankruptcies, a foreclosure, moved 3 different times in 2017  Now on the upside:No debt (that seems obvious), earns a good salary, been on the job for 25 years, lives alone, no pets.This person once took care of other family members and no longer has anyone to take care of anymore.