Rudy Gulliani method (the moment it goes up, we paint right over it).

I also have 22K in my stock portfolio and 65k in 401K that I am skeptical about using to finance a deal, but not completely against it as I am 32 and have a strong career ahead of me.Looking to invest in a small property to get my feet wet, around 150K and in a lower income neighborhood as our  local market is quite expensive at the moment.

I wanted to take a moment to just say how thankful I am for bigger pockets!

- the LOC is reusable, you can pay it down and use it again, and the interest is charged only when you use the money and calculated on the daily balance, not amortized vs a loan that is one time deal charging amortized interest from the moment you sign the papers, regardless if you use the money or not.

@John Woodrich So simple it's possibly a "doh" moment for me.

As prior posters, mentioned you can file a judgment and the chance to collect maybe low, but the key is to secure your property and ensure no further damage is being done to it at the moment. 

I'm actually chatting with another realtor at this moment about this exact issue!

I have an SFR in Oxnard that I am househacking at the moment but I will be moving to San Diego which is about 3 hours away soon.

IMHO asking for trouble if everything isn't written.All I can think at the moment.

Currently in rapid-fire max mortgage debt accumulation mode at the moment!