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? 

Paying for it on  card for liability protection, getting warranty/insurance work, pulling permits, lien waivers, etc.2)Get deeper, not wider.

Took out a bit more debt than I should have because my rev projections were a bit too high (at least for year 1). 

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

I’m currently working on 58 unit BTR development project and seeking one or two private debt investors to help fund it.

Build a strong credit score by responsible usage of credit cards, reading books, and engaging in forums.

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

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.). 

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?

If so, your best bet is to graduate debt free. 2.