Quote from @MIchael McCUe: Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in  5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.a list of my debtGst Hst Tax 4500 income tax from working with my dad I oweScotiabank credit card 1400Canadian Tire credit card 500cash money loan 2400Belair 600echelon 600should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.Here are the negative consequences, in regard to real estate, of filing bankruptcy1.

It is how it is recognized, taxed and falls heavy on the VOE. 

Avoiding the occupants from squatting is best addressed with background checks, employment verifications, and references before signing the lease.

That clause avoided a lot of headaches when the seller eventually exercised their option.Seattle permitting can really be a curveball.

Or take cash and pay the tax on their portion.Only your accountant will know whether this kind of drop and swap is possible without a tax event. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

There's a big swing here in insurance and tax calculations I see and getting those numbers accurate are critical for your ability to not miss on good deals

Taxes, maintenance, vacancies, management are all different on each property.

A HELOC on your duplex or home offers flexible, low-interest financing ideal for BRRRR, with potential tax-deductible interest if used for property expenses.

It will also allow you to pull some cash out if you have the equity and for tax purposes.You can have two VA loans at the same time but having two means that the second home may not qualify for 100%.