Hello and Yes paying down your debt would be good. 

You will also want to check into how long they’ve been using the driveway as there could be an issue of adverse possession (just google adverse possession if you’re not familiar with the term).

@Lamario Hopson, in Alabama, as in virtually all other states, you must be in exclusive possession of property before you can quiet title.

This seems more of a contractual issue.....possession not be given as stated in contract.

Had a hard time to sell it due to my partner listing it really high and then quickly dropping the prices which I guess made people think, let’s just wait until it drops no more and needless to say there was hardly any return to talk about even though there was no debt service involved.May be your experience will be different but be careful!

Seller financing is usually for properties that have little to no debt on them.

Credit score is above 750 with no debt so I’m thinking I should be a good candidate for getting a loan (which I planned on looking Into around February).

If parent company guarantee then the whole company would need to go under (all locations) to basically make the guarantee worthless.If it's a full personal guarantee on the lease then the landlord can come after them personally and they would have to file personal BK to try to get the debt to go away.

My properties are in locations with high rental demand so I know even in a bad market I can easily cover my debt service and other expenses. 

That means the rental income covers the associated mortgage PLUS the cash that exceeds the mortgage and expenses helps pay other debt