There are definitely a couple of jobs I will be eliminating to bring the costs down a bit.

Their ratios are under 30% front and back end, they have little debt.

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.

This involves:1 - Breaking away from a home owner mentality with regards to money and investing.2 - Using "$$$" for analysis, and eliminate almost all use of "%%".3 - Learning, and following, the 2 Golden Rules of REI...to be succesfull4 - Understanding the meaning of this number sequence, 1073741824, and how it applies to REI...that's the start.

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

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.