I would have to be 100% certain that everything would work out including obtaining a HEL or refi into a long-term mortgage when appropriate.There are a lot of pitfalls to the strategy as others have listed.There are better options (options A thru F) that I would investigate first.As Brian suggests, those CC punitive rates are really the death knell for the borrower.My $0.02

catalogId=10053&langId=-1&keyword=rustoleum+cabinet&storeId=10051#.UNC7fYM0WSohttp://www.homedepot.com/h_d1/N-5yc1v/R-202572588/h_d2/ProductDisplay?

keywords=real+estate&qid=1370990677&rh=n%3A133140011%2Ck%3Areal+estate&sort=price

I will do some investigating and post what I find.

posting ads on Craigslist is not scalable and it's not a reliable way of getting leads.Instead you'll want to :- weed out all the low quality listings by other wholesalers & investors using negative keywords- define your targeting using the filters they provide- contact the sellers through email or text- prequalify them before you get on the phone with themThat's our process in nutshell for generating hundreds of leads every month in 5 different markets.I don't check the forum much, but feel free to email me if you have any questions (check my profile for info).

You can also set key word alerts for words like "turnkey" or "out of state" to keep up on topics that interest you.

While investigating potential buy/hold properties in an area I'm moving to recently, I came across an interesting (to me anyway) property.

Hey everyone,I'm trying to get in to real estate investing and I found a little something which caught my eye so I investigated it in depth and I'm wondering if I can receive expert analysis from the pros on here.

Here are a few recommendations for you:Find and connect with other BP members that are in your area http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you http://www.biggerpockets.com/alertsRead Beginner’s Guide http://www.biggerpockets.com/real-estate-investing and check out BP Podcast.Wishing you the best!

Key word it and see what comes up.