Hey all,I am acquiring a property with a bit of an issue and I'm not sure how to proceed. 

There is no obligation to proceed with any of them.  

Depending on local laws, they may be considered a tenant at sufferance (I'm not a lawyer) that you would have to have eviction proceedings to get rid of.You can definitely make money here, but you have to be smart about it. 

When i called the credit unions they all said that i had to come in and sign up before we could proceed.

How do I proceed?  

The parties further intend that this Agreement constitutes thecomplete and exclusive statement of its terms and that no extrinsic evidence whatsoever may be introduced in any judicial or arbitration proceeding involving this Agreement10.

Then i found a podcast labeled Bigger Pockets #64 and i was so intrigued i had to listen to all of the proceeding episodes. i am currently on episode #49.

After some quick math, we knew this was a great deal and proceeded to put in a cash offer. 

Based on 20% down, and extremely conservative appreciation forecasts, initial returns start around 30% and increase every year.Depending on the market conditions, we would refinance each property after 3-5 years and use proceeds to purchase additional properties - creating a multiplier effect on returns.We plan to move slowly into rehabs in 2016, but would convert to rental rather than flip to avoid ordinary income tax.

Did it come directly out of the seller's proceeds or was there a credit?