The debt may not report to your personal credit (unless you are late on or miss payments, then all bets are off)2.

Even at $60,000 a unit - that is a $1.2 million deal... and realistically I bet they will be over $100,000 each... all just a guess... but when you get into these price points and you are "new to real estate" as your title in your post suggests - I think you are probably getting in over your head for a first deal.  

Valdosta GA Market Update: Dec 2024It’s been a while since I have been active on BP, but I am back!

The quicker you can take action on the high dollar value decsions the quicker you will be able to grow.For sure take the time to setup the right foundation, but keeping it simple and easy when you are getting going is a safe bet!

The property is not active yet. 

I am long but I also do fix and flips actively and consistently.

The buyer pool is beyond flakey..Your best bet is a local investor.

The tenant pays a monthly premium and keeps an active bank account and credit card on file.

That’s the best bet. 

We recently purchased our "forever" home together in another county and applied for a homestead but of course we were denied because they found out we had 3 active ones in another county.