I filed for chapter 7 bankruptcy about a year ago to get rid of some old credit card debt from when I was in school that was really hindering my ability to move forward. 

I'm not sure if we'll be approved for that amount of debt (we only make about 90K a year between us), which is another thing I need to learn more about.

We both have excellent credit and no credit card debt.  

A token can represent 1) an equity interest in a legal entity that owns that real estate property 2) a right to share in profits arising from the use of the asset 3) ownership of the underlying asset or 4) an interest in a debt secured by the asset.

At the end of 2020 I purchased a restoration franchise called AdvantaClean that services from Chapel Hill to Fayetteville, Sanford to Dunn which amongst other things specializes in Mold, Water Damage, and Duct Cleaning.   

You can get the current owner to assign that rent debt to you so you can collect it after close. 

I’d sent him many areas he could apply for help and asked for documentation he was struggling with rent to document but he didn’t follow up with the request and to document he was having trouble or met the requirements for aid.Regardless, what got to me was a statement he made that he was able to start making payments after catching up with his credit card debt.

Not bad wages.Of course, this assumes everything works out just fine and a 5 CAP is enough to support the debt-service/equity partner payouts. 

But, the primary criteria they are looking at is your debt to income ratio. 

I did not take into consideration the possibility of the city deeming it an unsafe structure and requiring an architect or engineer as I had assumed I would simply be restoring the original interior framework of the property through the typical permit application process.