Are they going to start paying down that credit card debt, turn over a new leaf, and avoid bankruptcy for the next decade? 

That's before you pay any debt service.To answer your question: No, it's generally not a good idea to lose a bunch of money every month.

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

This was last year and shows the balance to be about $8000 What kind of debt is it? 

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.

To defer all of your gain, you'll want to trade up in value, replace all the debt (meaning new properties have at least $350,700 of debt), and not take any cash from the exchange (this is boot which = taxable gain).As for replacement property, it just has to be real property - meaning it can be commercial, STR, land, etc!

Buy the same amount(in regards to downpayment allocations) in debt notes.

Meanwhile, your expenses, like debt service, taxes, insurance, and maintenance, continue.These are the requirements necessary to attain and maintain financial independence.

If you're a good student and can get into a good college without going very deep into debt, I believe you should go.

Alternative Lenders – Look for private lenders or debt funds that focus on asset-based lending rather than borrower experience.