Should I go to college if I want to be an entrepreneur and go into lots of debt, or should I just start a business if I know that is what I want to do?

If you want to succeed you must be prepared to work very hard and dedicate yourself to the chosen path before you bury yourself in debt or at the very least get your self out of debt first. 

It would also depend on my debt or equity.I would never figure on future appreciation because the future is unknown.  

I paid $310 and it's now worth about $420 without the lot-- so I could make a bit of $ and keep the lot (now worth $90K)Here are my choices:1) Sell house pay capital gains (25%) and pay down other RE debt or use that cash to build new rental on lot next door.2) Sell house and do 1031 exchange into another investment property in better shape.3) Scrape house and build triplex. 

After purchasing accounts receivable, generally at a discount over the face value of the debts, the original company's debtors will make their payments directly to your company.Since 2015 there has been $28 billion of loans sold (real estate only). 

After not getting better business I fall behind the debtors hand and things get into trouble.

You can improve you credit utilization ratio by paying down debt or increasing credit limit and you should do both. paying lump sum of debt and applying for a new credit card or increasing your current card limit and getting your credit utilization ratio down below 20% will have a big impact on your credit score.Step 3.The third step is to take advantage of reward credit cards.

I think the fear comes down to how do they look at the property, do they see a mountain of debt or an asset that pays them.

Then the seller is not a debtor, but has an equity position.  

NOBODY can answer this question for you until you have clearly outlined your goals.Should I pay off debt or invest in REI?