Hi! I am graduating in a few months from graduate school and as you can probably guess, I am graduating with a lot of student loan debt. My husband and I are very eager to dive into real estate investing ASAP, but we ...

On the surface, you are grossing $200 a month which should help you service about another $40k in debt or so. 

Because it was a pretty seemless process, when I've used a debt collection law firm to collect back rent/damages from an eviction.You typically pay the firm a retainer amount upfront, to load it into there system and start calling on the debtor to pay up.

I have a personal finance scenario where I'd like to know what other people would do if they were in my shoes.In January 2021, I'll be about 18 months away from being completely debt-free (I'm currently renting for $1825/mo in Los Angeles) and I'm wondering if I should start investing at that point or if I should wait.Once January hits, I'll have two loans left:$45,000 on a car loan @ 6%$24,000 personal loan @ 15%  Minimum payments being $1125 and $437 respectively.After all of my monthly expenses I'll have about $2500 per month to either throw towards debt or I can start saving for everything I need to buy a duplex or triplex that I'll househack in.

Yeah, you can modify but i'd file the NOD first. you can always modify later but with a default notice over the debtor's head, you are in a much better position of strength.

I would really appreciate any help you can provide with business models, financing with debt or equity, and anything else I'm most likely forgetting.

Double check to see if they are auctioning the debt or the property.

I'll explain.Some states are judicial states, having to go to court, a suit is filed against the debtor, no other notice may be required other than that for the proceedings in court.

The only hoop at that point, and it will likely be HUGE, is convincing the debtor/owner that they still own the property and can therefore sell it.

You have just enough (by my standards of risk tolerance) to utilize a hard money lender to assist with a deal provided you have some additional consumer credit lines to fund material purchases to do a pretty decent rehab on an ARV 100K house or less, purchased at 70% ARV minus repairs, needing up to about 30K in rehab.For example, you find a house that is worth 100K retail.You see it needs about 20K in rehab including all holding costs not including debt service (utilities).You pay 70K (70% ARV) minus 20K = 50KYou get a HML and put in 10% DP = 5KYou use your remaining 10K to fund rehab and use consumer credit to fill out the rest (or a different combo of cash and debt, or you can get draws on the HML, but that is more expensive - of course you might need to do it that way because the HML may not want to work with a loan of only 40K).Now you have 70K wrapped up in the project plus there will be around probably 5K in HML fees for origination and 6 months of holding.