There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).

You can start accumulating college credits right now, and graduate when you are 18-20, with little debt, if you really want it.

I am a division one soccer player and have been blessed to be done with my last years with no debt.

Eliminate debt, establish a budget, and save.

If you want to be conservative, stay around 50%-60% LTV, especially if your cost of debt is lower than your cap rate, as this will lever your ROE.

On the other hand, a home equity loan gives you a lump sum with fixed payments, which is more predictable and great for one-time expenses like consolidating debt or buying a rental.

@Sean ConroyThe cost of building is not going to go down, unless you're looking at the debt component.

There are DSCR lenders that allow for Negative debt service, and in some instances no ratio.

Whether you decide to rent your current home and move or buy an investment property to rent or flip, having the right financing strategy will be key to making sure your deals are profitable and sustainable.Here are a few loan options that might help based on your strategy:DSCR Loans (Debt Service Coverage Ratio) – If you're looking to buy a rental property, this could be a great option.

Paying off the $4k in defaulted debts on her credit report, which she probably could have settled for 50-80% of that total.