The Association would have to continue pursuing the old owner, even after the sale for that debt or write it off.

The lender will count any debt that is in your name on your credit report, whether it's joint debt or individual.

If you're going into debt, or paying out of pocket, it might be worth reviewing what the return on that investment would be.I would not put your college on hold to complete a real estate course... a 135 Hour requirement for a Real Estate License is nothing like a 120 hours for school.

Everything is either priced too high or the few properties that are priced to sell have a ton of deferred maintenance & capex needs.Unfortunately, we are at the point in the RE cycle where acquiring properties is difficult and most investors that have been doing this awhile are positioning themselves for an eventual slowdown - either by paying off debt or deciding when to liquidate their holdings. 

If you need the property to debt service without your income (and personal debt) or need a 30 year amortization, I recommend calling a Commercial Mortgage Broker to help you get a loan. 

., Notes, land contracts and/or any other debt or obligation) more than six 1- to 4-unit financed properties, including the subject property and the Borrower’s Primary Residence.

Those types of debts the debtor can file bankruptcy or years later their situation might change and they want to clean up credit so pay money.

We like "access" to credit infinitely more than debt or cash.  

For example, some marketplaces specialize in residential debt, others in commercial debt or equity, etc..

The sheer amount of negativity from the 'lemmings' in my life who had no problems letting me know how crazy they thought I was for taking on so much debt, or how that will never work ect.