Purchase price: $200,000 Cash invested: $43,000 House with a separate one bedroom/one bathroom on the second level.

Suppose you have $46,000 mortgage at 8% interest on restaurant, $22,900 SBA loan, $3,900 at 1.75% interest on a microloan, $23,00 on temporary 0% interest credit cards all for the same business totaling $95,000 in debt. 

I've seen active pump jacks in the yard, but not sure who was there first...the well or the house. 

You want Someone who is just in it to get a return and have a great partnership.

Any suggestions are appreciated.I have about $50K in saving and could potentially get to $100K in cash for my very first real estate investment.

Quote from @Michael Soukup: Yes, I recommend you pay off all your debt first before investing in another property.

Putting an offer on a house in Virginia Beach and my buyers will likely be applying through United which is listed as the mortgage company.

In Mexico, as you know, when you rent to visitors, you generally don't do LTR.

The only reason I've heard of Morris Illinois, is beacuse our family used to drive to central Illinois to camp and boat, and Morris is directly on Route 47.Are you currently investing in Chicago or near you in Joilet Account Closed?

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.