I think this Is quite popular    if not very dangerous for many.. and also you take out all those CC and your fico will fall through the floor so keep that in mind.I can see smaller amounts need for small flip projects etc.

Hunt Club may look close on a map but it's in a distinctively separate, inferior sub-market to fountain parc.

This creates a dangerous work condition for installing and to do any maintenance on the unit. 

There are three distinct types of knowledge you needThe strategies - you don't need to know them all, You only need to  know one, enough to do a dealHow to evaluate a deal. - Many never get to this point. 

We both work way too hard, playing tag team in the afternoons with our boys and finally, after bedtime, if we’ve got the energy, we’ll say hey, eat a dangerously late dinner and then fall into bed.

Is there any danger in having someone live there and not formally added them to the lease?

But let us know whether this person lived in the house or if it was an investment Michaela  ,, just fyi  CA  NV OR make no distinction on a loan on a 1 to 4 unit  if its for investment purposes to a corp or individual etc. in those states any loan made on that asset class requires a license.. 

He may be talking about “taking over” your loans by a sub2 purchase.....dangerous for you since he gets title and the loans are still in your name, and you can’t for foreclose.  

The danger is the rehab may not get done as quickly if you are living there, or you may see that as an advantage to be able to take your time.

You may want to contact a company like ProTitleUSA and order a title report which would tell you who is recorded as the first lien holder, as well foreclosure recordings (dangerous if on the 1st), tax liens, municipal liens, possible HOA liens, etc.