Hi @Lynn Gupt, just echoing Ko's input above, as well as offering my perspective from a multifamily development point of view.  

He offered the course on 8-Track...well, I suspect he did. 

YUP pretty sad whats happened to Baghdad by the bay..

It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.

@Seth McGatheyTypically, a HELOC (secured loan) is better for your credit than a credit card (unsecured loan), which is affected by a credit utilization ratio.It is important to note that a 0% interest balance transfer card is far from 0%.

I would look at both and write offers in both markets till you find a deal that works. 

Originally posted by @Brennen McConnell:The suppliers say they are familiar with building codes in the US, but I still imagine there would be a lot of work to ensure code compliance, as well as installing the home on a new foundation, connect to utilities, etc. 

Value is currently 230-250k.They bought it by refinancing their personal home.

I offered them $250 cash to be out by March 15th if they paid what was owed for this month and last month.

If you are shopping strictly by price, you will likely not do well at all.