@Melinda Pajak you can look into longer term debt through life insurance companies.

Rent Rate : A real estate agent can assistSo, when you have all of these estimates you can see if the ARV * 75% >= Purchase Price + Rehab + Holding Costs + Debt Service (if any).

@Ahmad Darensbourg if the taxes are current, whoever is listed on the deed is the legal owner.

I tried to explain to him that i'm investor and have a list of clients that Im trying to help to gain ownership on a house.He asked me a few questions about legal stuff and so on.

I have $50k in a HELOC and $50k in CC debt.

I don't know of too many commercial lenders that will accept a 28% operating budget for all expenses, they will probably run their debt-coverage test at their pro forma operating expense numbers instead.

If I had no monthly regular income in the pipe line, I will not try to get me burned with more debts.

I have $50k in a HELOC and $50k in CC debt.  

His name is Scott Smith from Royal Legal Solutions.

Again, I’m not your attorney so you should seek out legal counsel, but generally... you get what you pay for...