your credit score would not plummet, but you are still responsible for the debt so it will still show up on credit and it will impact your ability to get credit.The only way for her to truly buy you out is to refinance and take your name off of it.My recommendation would be to sell the property, as you may be on good terms now but that does not mean you will be on good terms in the future.

I don’t know where real estate fits in your future.  

Seeing that you're in the Indianapolis area and that being a desired market of ours, I'll definitely look to connect in the future.

Future rental income is not able to be used.Keep in mind that retirement assets (401K, IRA, etc) are eligible towards reserves, and so are any other investment accounts.Rental income is only used towards the income portion of qualifying, not towards assets.Hope that helps. 

It all depends if I can find another house to do something similar with in the future.

So, I've been reading and hearing about the market and future growth of NC.

This approach helps to avoid being taxed on appreciation and allows for higher depreciation in the future.

Many of us specialize in recovering the money you left on the table during the past 3 years. it is called amending your past tax returns.Still, the most dramatic difference we can make is in helping you structure your business and your real estate deals in the way that will minimize your future taxes.

Perhaps consider future flexibility and keep the 22 acres with your home separate from the other acres. 

In the future, remember that Airbnb does not like it when you cancel on guests.