-Credit card debt $100k-Bought a multi-unit property in 2015, live in one unit, and did major renovations funded in part with credit cards.

I got started with $130k in balance transfers(credit card capital).

If you don't have the cash to finance the reno you could look it short term cash loans, your credit cards or more than likely the safest option of just selling it As-Is to someone who is more equipped to handle a project like this.

Yes, it can be done, but you cannot last long when you build a house of cards.

If you want to offer an incentive, I would much rather offer something like a $50-$100 gift card upon lease renewal, if they’ve paid on time every month for the whole year.

With those proceeds ($75k after fees, no capital gains for residency) I have:- Paid off $25k in credit cards, now my only "revolving debt" are balances I'm paying each month.We- Installed a radon system for our new home (~$6k; historic property, have a toddler and don't want to risk anything for his health, you folks with kids know what I mean)- down payment (25%) and finance fees totaling $38k for a triplex that will net $1000 a month, not accounting for anything other than PITI.

Or even something more personal, if you know they like a certain place get them a gift card there, something like that.

The advantage with the Heloc is you have it sitting there and only pay interest if/when you use it (like a credit card).

You can attach it to your debit card or bank account/routing number.

They just "could" so if the person closed card afterwards we'd be out of luck which we were.