As is the property should still be cash flow positive after accessing the funds so my best bet is to spend the time looking for a deal while getting the finances ready.Thank you all for the advice!

For now, i am just betting on house value appreciation.  

@Jason Evans A contact I made when I first moved to this area who is VP of a local bank and also an investor with around 40 rental properties advised me that anything within a 10-mile radius of the Bulls stadium and Tobacco District is a safe bet regardless of what it looks like now.

If you are developing your track record, hard money may be your best bet until you have a really solid record.

They also probably offset the cost of the warranty by charging a significant premium for the work they did to get this note re-performing.Their warranty also states that they can replace your note with an equivalent note so if one fails and they don't want or have the money to give you your principal back they can just give you another note and buy themselves more time.Their business is also growing at a fast pace and they are betting the growth will offset any losses(low chance of them losing though after the premium, low volume of performing notes, and ability to replace notes) and the warranty helps grow it faster.This is how their warranty makes sense to me.

@William Hochstedler I am not a Utah broker but I would bet that Utah law addresses the situation.

The lender will use the lower of your median credit score versus your soon to be wife's median credit score.

I'd have to bet that small note investors, portfolios of less than 5 million, simply make assumptions.

Once you have analyzed all of this, you look at your opportunity costs versus the return you would earn and make a decision.

here is the article in the RJ Click hereWanna bet the banks start paying the HOA fees current now....Those that went all in and purchased at the HOA foreclosure sales just hit their number on the roulette wheel.