Now that you have achieved the goal of paying down debt you can leverage your good credit to obtain either personal lines of credit or if you have equity in your personal home you may leverage that as down payment money on a acquisition loan or use that to purchase low costing investment property, depending on what market(s) you are looking to invest in.I've personally was in your same position and used personal loans to outright buy investment properties in various markets and I wish I would have known about lines of credit prior to getting involved with loans.

My wife Aradia and I are a few years out from retiring from the military and have decided to get involved with real estate investing.

Square up with whoever you owe the money to before you worry about buying property.

I'm not interested in flipping, but other people have a estimate of rehab per square foot they use to add the the sales price and decide if it is worth their time.

The IRS generally opposes self-dealing and can assess sizable penalties on both the business entity and the individual involved in the transaction. 

However, I have to scrub through all the notices to check if there is any real estate involved in the distribution. 

.- I made the transition from residential to commercial a few years ago and I love it, because of the more passive aspects involved. 

Building additional square footage will run $350-$500/sqft depending on your choice of finishes. 

Around here about $90 to $100 a square depending on finishes and complexity of design, which would include driveway, septic system, and no landscaping

Long story short, my partner and I believe there is huge potential in this property for an involved owner.