I currently only have a $3k cc and a $50k student loan from my Masters degree that is broken down into two $20k loans at 6.875% and four loans under $1500 at 2.14%.

Thanks Chris for your comments.sorry i didn't explain well. let me try again  showing  some numbers like an example , and I hope that works better.I was trying to ask is what could be a good financial strategy if I find a good  property (location good shape etc..) and the homeowner for example want to sale for market price for example $400k but he still has a loan  $200k at 2%interest rate so he has nice equity  $200k but also he still having big debt another  $200k but with good interest rate these days. my question which strategy would be good one if I want that buy that property using creative financial trying to avoid ask a new loan at the bankThaks again 

This is so that you can make sure your isn't the right basis number (purchase price + costing costs - loan costs + improvements rather than just using purchase price).I'd recon most CPAs who specialize in real estate or businesses will be able to correctly treat the STR income and deal with a cost seg.

So I collected information about the real estate market in the USA and looked for houses to buy with the help of loans and rent them out.

Since I am self-employed, I will likely be looking at hard money lenders (HMLs), non-QM lenders (bank statement loans, DSCR loans, and small, local, regional banks and credit unions.

No loans were involved, so I had no more cash at that time, and "the cart was still there" - that is, the house required a GIGANTIC investment (and they exceeded the planned).

If the property is being sold for 400k (and I can afford the 20% down) but another 800k min needed for a complete renovation (my personal rough estimate), can I take out a traditional business loan to cover the rest, if I were to purchase in my LLC?

So, about the back-to-back loan thing, the interest part could be taxable income to you, but you might be able to avoid it if you structure things right. 

I'm new to BiggerPockets and was wondering if I have a 7-month gap in my work history, can I still be approved for a loan?

Record $1.1 trillion in credit card debtthe total mortgage debt is more than double the 2006 peak and total credit card debt is up 50% since 2020.Also delinquency rates on credit cards and auto loans just hit their highest since 2008.