Hi Dave,Forgive the late reply; I'm new to the BP forum, but thoughtI'd offer my thoughts.

It's math, USA went off the debt cliff a LOOOooong time ago, debt service is nearing unserviceable.

The Note is the debt (evidence of it, technically).

You cannot take cash out of the property when doing a HomeStyle Renovation loan or pay off other debt.

Value $900,000; $600,000 debt, $200,000 basis; 7% sales commission, only him- mother is deceased- $250,000 cap gain tax free, $70,000 sales concessions or repairs, capital gain tax on $550,000 less costs,  etc etc.  2 out of 5 year rule, can he live in other buildings?

I am in my early 30s, zero debt, Excellent credit and currently live in Minnesota (hoping to move to another state in a year or so.). 

But if the debt is say 50% of value - what’s the chance of the property not “covering” the debt  and your personal guarantee being enacted? 

Based on what you’re looking for—keeping business and personal finances separate—using a DSCR (Debt Service Coverage Ratio) loan might be a great fit for your situation.Here’s why DSCR loans could benefit you:LLC-Friendly: DSCR lenders typically allow the loan to be taken in the name of an LLC, so you can easily transfer the title to your LLC and keep the property separate from your personal finances.

Harvey inherits everything that remains after Alfred’s debts are paid and the cost of administering his estate is paid.

However, the amount differs depending on the property type and lender.A minimum debt-to-income ratio of 45%: Real estate investors typically cannot allow their monthly debt to exceed 45% of their gross monthly income.In addition to the initial cost of the down payment, remember that it can affect your ongoing costs.