other than for rental purposes we are cutting way back on flipping for retail.we are concentrating on ground up.. less competition more certainty in cost to build.I am done tearing into a 100 year old house only to discover bad things.

I suppose you could lie and hope you don't get caught, but that is illegal, unethical, and starting out your REI career with some bad ju-ju.However, let's set a hypothetical scenario where the LL, Jane Doe, will allow you to sublet. 

Not in too bad of condition but definitely can be spruced up.What would you improve in this rental to add value and  increase rent just from looking at the photos?

Overall, I'm taking a long view of this endeavor....this is a very expensive deal, but not as bad when I consider the deals that I can roll these net proceeds into and compound from there. 

I could lease purchase both home and land for the same 900 for 120 payments.If I needed an out, I could sell to another investor, but it would likely be at the same price or less depending on how quickly I need it out.The question you asked does make me realize how it could put me in a bad spot if I needed to sell.

Better wait to find a good property than buying a bad one. 2.

How badly have I screwed myself?

It seems to be one of the next areas to become gentrified but, is definitely not a bad neighborhood.

So if you’re using 80% of the cards limit it’s bad, and you can either pay it down, or you can see if they’ll raise your limit (which so long as you haven’t been in default is often in their interest - they want you to charge as much as possible so long as you remain able to prove you can pay it back)

One unknown (example bad sewer main) can throw this into retail or above category.