For instance, if there was a total of $250K of debt on those properties that woud leave you with $350K of proceeds to use to purchase $600K of real estate.  

Trying to decide if we should use a home equity loan for the remodel, do we need to put current home under LLC to help with debt to income ratio & would that affect getting the home equity loan?

I really like Lease to own option to get into deals without having to take on massive debt.

Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.

Does not affect your debt to income for future loans in the mortgage industry (auto loans could look different, but i would think similar so hopefully no worries there). 

While I do maintain a relatively modest percentage of my assets in money market instruments, corporate debt funds, and high dividend stocks, I remain most comfortable with the investments I specialize in and know best.  

While I doubt I'll be investing here (terrified that property taxes and the pension debt will ultimately cripple property values), I'm always interested in meeting new people.

Quote from @Monty Alston: Quote from @Travis Timmons: You need more income, not more debt.

Clearly the note is more than just evidence of a debt, right?

MYTH: transferring debt to heloc will pay Debt off soonerBUSTED!