Allowing debt to accrue in place of, or the lack of, disposable income is bad debt.Good debt creates value and doesn't significantly reduce disposable income.So long as you can afford the debt, it might be good for you to take a vacation, you might be more productive.

It's a good thing to have at your disposal if you need to make quick cash offers on properties, etc. 

From an investment stand point, you can typically gain economies of scale through time and efficiency, market liquidity, transaction costs, concentration of units, management and labor costs, tax and record keeping, and disposing of the property.

We do not provide icemakers, garbage disposals, washers or dryers.

I am planning to dispose of the "guts" myself, I just want to avoid the actual tearing apart.

This will mean that you'll have more disposable income, you only pay the interest on the loan.

You have access to people with disposable income so give it a go.

the quote i got was for a 2 ton Aire Flo (which appears to be low end) replacement condenser, 2 ton Aire Flo cased coil, Nitrogen purge on line set and remove old and dispose of for $2,500.  

It's a country house so it has well water and a sump pump, and I want to make sure that it's clear in the lease that if the Tenants cause damage to the sewage system by disposing of improper things down the drain they will be covering the costs of fixing it! 

I think that you have an excellent opportunity in the rental business with the cash and credit at your disposal.