.- Folks with short-term rentals who projected returns using numbers from last year- Folks with flips or BRRRRs that they need to exit or refinance- Anyone with variable interest rate debt, or any time-bound pressure to sell, refinance, or exit their investment in the next 3-5 years.

In Texas, if there is even the slightest thread of a homestead possibility that’s what the debtors attorney will claim in their pleadings.

I max out my Roth IRA every year and also contribute 10% of my pay (before taxes) to my Simple IRA as I shift into a debt reduction phase later in the year this year I do plan on upping the contribution to 15% of my gross pay once I feel comfortable with my level of debt or have eliminated all my bad debt (incurred getting the real estate stuff going). 

You can then use your amazing savings rate to pay down that debt or continue to purchase more investments if you would like.

You will just have to turn to commercial debt or seller financing, etc. 

I look for reasons why additional financing was needed, because truth be told, it's much better when a deal does not need to resort to any kind of mezzanine debt or preferred equity as these are very expensive forms of financing/raising capital.

Please do not take on more debt or spend years of your life on more schooling just to please your parents.

Allows me to be risky with everything else, and not leave anyone with a debt or burden.

Don't worry about the comments from people who automatically assume 200k in debt is bad.In terms of your decision to pay debt or buy property.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).