Keep an eye on your debt-to-income ratio and overall leverage to avoid overextending.

You would now be free & clear of any debt service and the expense impact of such.

Tax on Debt-Financed Income: Subject to UBIT.3.

I'm not a fan of their debt when I'm not in control. 

I have seen a lot of videos of people are saying "Utilize debt as the power to take these leaps," so this is where I am ready to go if the deals make sense.Thanks for anyones help Regarding utilizing debt- In my opinion the proper way to utilize debt is to purchase assets that throw off more cash than required by the debt. 

Sometimes they can ONLY be used to pay down credit card debt on another card.

Federal debt and fear of hyper inflation has homeowners in a gridlock.

Other equally contributing factors you want to consider is the properties positive cashflow, asset appreciation over time, debt service paydown over time, as well as hedging your dollars against inflation - all of which make real estate such a great investment especially when you have the right property!

To that end, in most cases even if the properties are owned within an entity, the principles (investors) will need to personally guarantee the debt.

Readers should seek professional advice.I believe the Note creates liability for the loan, the mortgage creates a lien on the real property that secures the debt.