Except the limits set by how much your lender(s) thinks you can borrow and service the debt! 

At the 7 year mark much of the delinquency, if it exists on credit, will fall off due to the statute of limitations on recovering charged off debt.

If I have done a good job of managing my cash position then I should have a small pile of available cash to cover a vacant unit until it is re-rented.Since I buy on 10-15 year notes I am buying down principal pretty quickly so I can utilize a line of credit to help cover the gap as well.There is no perfect solution but if you buy right and manage your margins and debt load you have the greatest percentage chance of success.Others will say you are even safer buying on a 30 year note since it drives up your cash flow and lowers your required monthly outgo. 

So the market could drop by 20% and we’ll still be okay because we didn’t take on too much debt.

I under budgeted for the rehab and am now left with $100k in loans and credit debt at an average rate of 13.35%.

If you don't have enough Solo 401k funds to purchase the property as an all-cash deal, you can combine your Solo 401k funds with non-recourse debt to purchase the investment property.

@Jim RoachThis note seller of nonperforming notes is essentially financing you to take over bad debt?

Check out the book "Invest In Debt" by Jimmy Napier.

Again, just totally lost as I make ~$100k but have been unhappy for quite some time now.I am 30 years old with zero debt, no wife, no kids.It has been difficult to seek unbiased advice on this matter and going crazy over analyzing it.

I was wondering if I should use the 10,000 dollars to partially pay for college with less debt or use the 10,000 dollars for an FHA loan for a house hack.