I do have a low interest home improvement credit card at 7% and I have up to 17k to use on that line of credit and about 5k saved.I'm afraid I'm going to max myself out... afraid I'll buy too low and too much work will be needed... or buy too high and not have enough to finish.

The attorneys and the title company make sure there are no open issues and that buyer and seller get appropriate pro-rated credit for any prepaid taxes, sewer, etc.

You will be responsible for crediting it back to the tenant when she eventually leaves.

I am a nervous wreck and hyper paranoid.I happened to look at my credit score and 3 days after we had an accepted offer for the home we are buying I had gone to AT&T because I needed a new phone. 

Details meaning credit score, property address, type of property and total number of units, square footage, purchase amount, rehab costs, monthly rents, annual tax, ins, and hoa dues, after repair value.Hope this helps.

In many cases it is because they are recently self-employed and do not have good income history, or maybe because they have bad credit history or delinquencies.

Marry that to lines of credit he could get say 10 million then loan it at 15%  make the delta.. be a small Hardmoney lender with a 15mil book..

And do the leg work with some banks/credit unions/finance options to see what it would really take to get into the asset you want.

@Anand Trivedi small local banks and credit unions in my market will do a NNN loan all day long.

And since I dont have much money and am rebuilding credit, this seemed like the best fit.