Eventually, the supply of essentially free house and/or suckers runs out, or law enforcement catches on, or some combination of those factors.

That would be a debt service cover ratio of 1.5.

Eliminate debt, establish a budget, and save.

The obvious answer here is to somehow get some income and start paying down the credit card debt. 

These markets tend to attract a lot of investor activity, which can drive prices up, leading local homeowners to take on more debt to afford homes in their area."

I conducted title searches to confirm there are no liens and double-checked with the county to ensure there are no outstanding debts.

You don't necessarily need to replace it with exactly $140k in debt, as long as the total purchase price meets or exceeds your sale price and all the proceeds are reinvested.Using Proceeds as a Down PaymentYes, your $300k could absolutely serve as a down payment on a larger property, like a $1.5M asset, depending on your financing.

.- If I use any of the above, can I use a portion of the money to pay off personal debt?

. $100 million equity & debt managed.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.