They passed a credit check, federal and state criminal and eviction searches.

I could just put it all on a credit card and try to pay it off over the next few months with my personal savings, but I could also try to either borrow or add it on to the purchase price.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

For 10 years I used padzilla, also known as tenant-net, for eviction and credit report screening. 

I’d say sell that property before something goes wrong then go back to square one, save up for a down payment and ample cash reserves for when something inevitably goes wrong, establish 2 years solid and consistent income, build credit, find a bank to work with and start over again in a better asset class.

or second worst.. depending on who you talk to .. my banker thinks it was worse than the 30s depression.. but anyway.. we are now coming back into balance.. and unless we have a Credit freeze again were is this distressed inventory going to come from.. ??? 

I probably would put this on a credit card with no interest for a year... rather than use reserves.

If you check out my post about probate lists, it was pretty much reposting that with an update on results over the course of the last year and growing to 25+ deals/month with the information given in the post.It had very little to do with promoting my products, and a lot to do with a valuable topic.

Our thought with buying ourselves a home is that we could take out a line of credit to use towards purchasing a multi-family.

I have great credit and day job income and qualify for a disgustingly huge mortgage level, even without rents included so mortgages are not an issue for me.