I not only help prevent a foreclosure which ruins your credit, I increase their credit by paying off their mortgage of a house they (more often than not) no longer want.

Credit check revealed excellent credit scores, but also an incredibly high debt-income ratio; otherwise, no delinquencies or criminal background.

I have a credit score of 697 but no US income other than regular child support.

Taking on $50K in credit card debt to go through a guru course isn't the same thing as a 30 year fixed rate mortgage of $100K on an income producing (hopefully, anyway) duplex. 

Hi,Can anyone share some thoughts and/or past experiences of taking out a line of credit or doing some type of cash out refinance against land that is owned out right?

Homestead Property Tax Credit arrangements [spelled out here: http://www.michigan.gov/taxes/0,4676,7-238-43535_4...].

In the meantime we are still repairing credit from an injury that took a toll on our income.I would love some advice from some more experienced investors on the best use of this small amount of cash that we Will be coming into in the next month.

If you are in a position to get credit, leverage created through mortgage debt is an excellent driver for building up wealth.

If so, have you tried asking the local banks and credit unions for a commercial or portfolio loan? 

You can get lines of credit for your business that you could use to buy real estate, but I would be very surprised if they gave you the loan specifically to buy real estate.