Thus, financing for commercial real estate is based less on the individual borrowers ability to pay and more on reasonably expected cashflows from the deal.  

Everything gets charged to the one credit card, with two kids, there is day care, tuition, tennis lessons, etc.One piece of advice as you go on about your journey.

I've learned some important lessons that should pay dividends on the next go-round.  

The project took a lot longer and cost a lot more than I expected, but it provided some valuable lessons learned.  

I definitely see the use of the wholesaler as a force multiplier for your rei team, but at the rate Paul is describing I feel tempted to buy the property direct from the owner just to teach the wholesaler a lesson.

If they screw up sometimes the best lessons are learned while on the job. 

Lesson learned.

In situations like this, its unfortunate for the paying tenant, but there are things you can do make the situation suck less. One

There are always gotchas--an important lesson.  

Yes however if you cash advance and max your card out you may lower your score 60-100 points temporarily and you may find that your score is too low to cash out refinance in which case you may not be very happy.Solution: cash advance up to 30% or less on multiple cards then buy then refinance because 30% or less on revolving accounts will not affect your FICO scores as much therefore if you have income and enough assets/reserves your qualification will not be "hindered," by your fico/credit.Hope that helps.