Actually you'd never hit that because eventually the debt pushes you into a margin call and forced sell and you'd be at or near $0 in just handful of years at best. 

Quote from @Charles Fay: Hello all, first time posting and wanted to ask for your advice.currently in the military awaiting a 9-12 deployment within the next 6 months.I will have ~150k savings after deployment, 85k before, with no debt, payments or anything other than basic bills, 750+ credit.

if his income is strong enough and not as much debt, he should be OKHope that helps..

I am currently enjoying my 1k monthly income with no debt, and I am nervous about leveraging.  

It's the concept of buying the debt attached to the mortgage rather than buying the house. 

I don't believe you would properly replace the debt in this situation.

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.

Get on a budget, build your emergency fund, pay off all debts, save up.