As to your next / first steps....If you haven't already, I would recommend that you start talking to lenders (banks, mortgage brokers, credit unions, etc.)

I really would like to hit 75% does anyone have any small local credit unions in the area that they like doing business with?

@Mike McCarthy, I see that cozy requires a 2.75% fee when tenants pay with either a credit or debit card.

I had an Audible credit and it was between that Josh's book on Rental Property Investing or Shark Tank (how different would my life be if I downloaded Shark Tank instead?).   

We have racked up about 45k in credit card debt.

There was usually breakfast, lunch, and dinner served in the dinig room for those who wanted to attend and socialize.That being said there was a kitchen and staff that prepared food for every resident.

Hi Adam,Just a couple comments and I'll leave the rest to others.In a downturn like 2008, I think it was more common for secured lines of credit to be frozen, not called. 

giving credit my go into a bad road depending on the type of people your tenants are as they might expect it again down the road. if they are great tenants, never bother for the small stuff and you want to keep them, I would give them a small reduction on rent to help them off set the electricity bill.

Most banks will limit the income credit from the rental given your limited ownership (less than 2 years).  

I currently have a potential tenant who makes good income and everything seems good about her, however her credit score is horrible (about 450) and many derogatory credit accounts.