I may potentially may want take on some debt further down the road once I've built up a decent portfolio (ie. in 5+ years).What is the best structure to set up at this point?

I had 3 properties in Warren years ago and tried to refinance but the debt would be less than $100k so they said no.

Additionally we have gotten ourselves in a bit of debt and could use the profits from the sale of the house to clean up our current finances (about 15k in credit card bills). 

@Thomas in my opinion Fundrise has a good debt fund.

All debts and all assets are part of the bankruptcy estate under control of the trustee.

@Oscar BetetaThe 50% rule is just for expenses and does not include debt service.

I know the bank wants a good debt coverage ratio.

(eg. too much debt).2.

i could be missing something but if he needs the cash right now and u dont have the 200k, have him sell the house at 200k to pay off the debt and he gets a month check for 3 years (or whatever time frame).

I dont want to get in more debt to start a life of passive income.