Knowing where you want to go begins with knowing where you are, and with that in mind I reached out to a national bank just to see what kind of mortgage I could qualify for and how I would best improve my current situation in case I needed to use conventional financing.My credit score is mid-700s, about $15k in consumer debt (which is coming down).

The tax lien (also called a fifa) exists prior to the tax sale and is recorded in the county's lien records - it's an unpaid debt secured by the property.  

Often if the sellers were "price proud" I would explain seller financing to the agents and some of my best deals were completed with agents bringing me debt free sellers.May be a Memphis thing but then I built relationships with every wholesaler I could. i rung every craigslist advert every day and within a month I had met pretty much every wholesaler in the city.

The Sources are all the various places you are getting money to pay the Uses (Equity, Mezz, Debt, etc). 

I’m with you I have no desire to have debt til I die

I also don’t have a long history of credit which could be a factor but than again I have no debt so not sure why but i am shopping around. 

They will have to be on title with you but you can use their income to Help with debt ratios.

I see many on here who don't have much experience and are just getting out of school who are sold on the formula and are jumping into debt quickly. 

✓Requirements for a Delayed Financing ExceptionThe original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.

We expect to close next week.In between I signed a contract for another property, where the seller is the mortgage broker (not the one for the first property) (mmm... may be I should not have done that).The problem is that when I told mortgage broker 1 that I signed a contract for another property and broker 2 pulled the credit he got upset (may be rightfully) because now we will have to disclose that new contract and explain we will be having new debt.