The second time around which is coming up we received a letter that they didn't want to extend the terms and the balance would be due upon completion of the 5 year term.

3rd reason, By having the HELOC in place but at a zero balance, you are getting some asset protection.

Even with all the data, there is a balance of comfort and risk that has to be taken into account.Next, we need to figure out how to adjust our pricing for those last days.

But since I mostly work with existing notes I use TValue (and the HP12C) to verify the terms of amortization on the note I'm looking to buy and then double check against the current balance to see if the payments are current or behind.  

But that said, without knowing the specifics about your balances, and payments versus the MI payment, I would lean toward paying down or off the consumer debt. 

.,  Why not start small and buy some rural vacant land for  $500, sell for $1500 and keep growing your acquisition balance to where you are comfortable enough to make some other decisions?

Example:  Performing note, $15,000 paying 15% interest only then paying remaining balance after 1 year. 

No charge for the accounts as long as a minimum balance is met between all accounts or limit to the number of accounts I could have. 

I would really like to see - and appreciate - a broad discussion, to hear the views of lawyers and CPA's, on the pros and cons of LLC's, Landtrusts, personal ownership, S-Corps, partnerships, and how to use them to strike that best balance of both reduction in liability exposure and best tax planning. 

So it will have to be a balance across reducing their rent and showing them the average historical utility cost before making the transfer of utility to them.