Many hard money/bridge lenders will collect interest payments up front at a closing to cover payments for a period of time.

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

Thank you for your reply.I found the collections history from another family member.

I am assuming that a judgment will be difficult or impossible to collect.

Definitely come to the Midwest with no debt

If simplicity and debt-free ownership are more important, then your plan makes sense.

Dismissed Bankruptcy (Not Discharged) – A dismissed bankruptcy means the case was thrown out before debts were cleared, often because the filer didn’t complete the process or didn’t qualify.

Quote from @Robel Nessro: Hi what's Good Debt and Bad Debt and what is considered good debt and what is also considered bad debt?  

Quote from @Alec Barnes: Quote from @Drew Sygit: @Alec Barnes we use Debt-To-Income Ratio (DTI) instead of income = 3x rent.Reason?

But even if one ended up with 500k in cash .. thats a nice nest egg to start over with and realize that there is a ton more to RE investing than collecting doors and debt.