I'd take a hard look at the budget and takes steps to eliminate and minimize all re-occurring expenses. 

I think this will also push me a bit more towards fixed rate debt (as @Brent Coombs suggested), although it's just hard to make that trade-off well given the levels, a 7/1 ARM saves a couple hundred bucks a month vs 30 fixed, which would go a long way to either paying down the principle or compounding that cash flow into additional properties...Thanks folks

Keep in mind that you may run into debt to income ratio limitations.

You need to factor in physical vacancies, rent lost to lease (you raise rents but can't raise on people already there), bad debt (not everyone pays), and concessions (free month on move in!)

If that's you we can provide either debt or equity to grow your business.

Even without the mortgage or even a property, the Note still legally obligates the signer (Signers) to pay the debt.

Quick and cheap might make better money but we care about making lives better too.I'm really looking forward to connecting with like minded folks who truly understand the value that real estate can play in eliminating the daily grind stress from your life (although we all know there's no shortage of other stresses that come along with it!).

I'd much rather work the debts angle however I'll take the benefits received by possession if the numbers and risk looks right.K.

That means you are getting a loan that gets you an amount where you are getting "cash out" of the property in addition to what you have in debt. 

I  guess I treat those debts as serious or more serious than a bank loan.I feel like I am the more experienced person and I should treat them like I'd like to be treated.