Work to invest, and let your investments pay down you debt...or did DR leave that part out?

. :-)Maybe a probate specialist will step in here but I ASSUME if the obvious heirs can’t afford probate the courts will still run the probate system somehow, sell the house and give them the remainder after all debtors re paid off?

If I put the house into an LLC, will I be able to use the equity (from a HELOC or equity loan) to pay off personal debt, or would that be considered taxable personal income?

So I'm a loan officer and the only other thing I could think of is to lower your debt or have a partner go in on the deal with you.

I wonder how the bank would know whether it's an acceptable risk to lend to a business that's not yet showing its own income.Trevor - luckily we don't have a car payment, CC debt, or personal loans in the mix, although I do have a student loan (in my name only), so I wouldn't be able to reassign that to him.

Four years after the debtor’s bankruptcy case closed, the debtor and mortgage servicer engaged in loan modification discussions to resolve the debtor’s default on insurance and real estate tax obligations and allow her to avoid foreclosure.

With that said, I'm not your lawyer.In the world of capital, your capital stack will be composed of debt or equity or a hybrid instrument (a bit of both). 

He does not believe in accumulating debt or taking away from his cash flow.

@Christian Weber If you don't have other consumer debt or car payments I'd seriously consider the cash-out ReFi.

The only difference is whether or not you'd be able to offset against your ordinary income...and that's also assuming your income level is under a certain amount (my apologies if I'm pointing out something you already know).As for syndications, as long as we are talking about equity purchases of commercial property and not debt or some of the other fancy syndications out there like secondary market litigation or insurance, you will have very large passive losses starting from your first year.