Enjoy the ride :)

@Thomas Moran I just bought a house from a wholesaler, and if I were you, I'd at least pay a home inspector to ride by and give an opinion.

@Frank Ponticelli  Thanks for joining BiggerPocketsHope you'er ready for a great ride to the top by using all the free tools and more.

If you have experience setting up business credit in this fashion I'd like to meet up with you and ask you about the details.

My question is, are there any best practices in terms of balancing paying down that debt as opposed to letting those payments ride and saving up for a next investment instead - and how does the current state of the industry play into that?

The second scenario will likely occur in some fashion whether a recession occurs or not.

You'll likely only need 100k or less to do that in a rolling fashion.  

There would still need to be a deed transferring ownership, and not sure if that would automatically have tax implications or not, but seems like it would.Ideally I wouldn't contribute all of the sales proceeds... e.g. maybe take half off the table in cash, let half ride in the new development.Anyone have experience in this arena?

And we had a great guest speaker then over an hour of just good old fashioned networking! 

Develop a relationship with someone you trust and bring them along for the ride.