Yes they transfer to the new owner as either a credit on the closing documents or a separate check.

The renter population remains strong as service jobs allow for easy employment, but poor upside for renters to become owners.  

However, independent of the painful schooling I've had being a long distance landlord (I refuse to hand it over to a prop man co), I've managed to turn the property around, literally doubled the rent from when i bought it, significantly improved the tenant base and have updated, renovated, and flushed out most of the poor workmanship the property has suffered over the years.

I just finished the chapter on using home equity loans or lines of credit. 

@Sam LLoyd the loans I qualified for online with my credit score were around 4.5% some around 5% a couple around 4.3%.

Also, do I do that for all credit cards or just mine and keep my wife’s going for a chance to save her credit score?

Save all of the money you can and then when you turn 18 try to start building your credit.

Listing this as a problem because I don’t want to be over eager and lower my credit score unnecessarily.

Some benefits are that they obviously require a lower down payment, and lower credit scores are permitted, etc.. 

Lowes often puts their flooring on sale, so we saved that way + using a Lowes credit card to save an additional 5%.End results of how the flooring turned out in our unit can be seen in my profile.Best of luck with your reno!