We have been going through a very 'progressive' permissive time and social media helps.

“A large part of the economy just collapsed,”"The numbers provided only the first hint of the economic cataclysm in progress.

Exceptions exist, but for the GENERAL POPULATION ON BIGGERPOCKETS, how do you assess Dave Ramsey's advice on using leverage for investment properties.  

But the co-owner wants to cash out, so I must sell or get financing to buy them out.Here are the rough numbers:$700k tax assessed value ($600k land, $100k house)No mortgage, fully owned$12k/year carrying cost when rented$12k - $20k/year income after carrying cost$160k renovation expenses paid$40k carrying costs paid during renovation$50k renovations and carrying costs paid long before this major renovationEverything paid in cash, no debt$250k to buy out the co-ownerMy goals for many years have been to buy out the co-owner, rent the house forever, and have it pay back what I put in.

So you should have a credit score of 740 to get the bottom rate.3) The tax calculation Hudson County average tax assessment is 1.67%.

I am taking my time to assess the situation. 

I have no debt, solid credit, and a decent cash reserve.The vacation rental is tax assessed at $700k ($600k land, $100k house).

The greatest value I bring to an investment is my ability to put elbow grease into a work in progress, those words steal my chance to contribute...Anyways, how you all are keeping sane during this time. 

It is still a work in progress!

I expected responses like this, and I disagree with your assessment.