There is a lot of good information here on BP in the forums.The basic concept is that you can diversify your tax-sheltered retirement savings from stocks, funds, CD's and other conventional financial products and include investment options such as real estate, notes. etc.  

Recently hadm.y mind blown by Rich Dad Poor Dad.My family and I have been slowly climbing out of debt, mostly due to medical bills from my Crohn's Disease.

That does not include debt service, but does include taxes, insurance, advertising, lost rent to to vacancy or non-payment, legal expenses, accounting expenses, capital expenses (roofs, furnaces, etc), and property management.   

The only way is that if I take it subject to the potential debt and the title company cant issue title insurance with the note being released.  

If I was you I would start at a financial institution to see how much you can get approved for. 

Does he have debt on the property?

We don't have any debt except that we're paying a car loan that it's not accruing any interests.

You could tie it up with a standard contract amended to include "outs" for you on interest rate changes and property appraising at a certain level and changes in your personal financial situation.

I will say I could see major perks in not having to deal with or hear about tenant drama, or waiting to hear if a recent hurricane tore up any of your houses (like I am right now), but there are big financial benefits to it if you're willing to deal with all that.

Some people consider a loan from the bank using "other people's money" or a credit card advances as "other people's money" but really it's your debt that you owe, interest you will pay, etc.