That self eliminates the ones with issues.

I will be speaking with the current owner to see if the land contract will be reported to credit bureaus, as well as S&P.Oh, and my personal credit rating is improving all the time, as I pay off old debts...

I will be speaking with the current owner to see if the land contract will be reported to credit bureaus, as well as S&P.Oh, and my personal credit rating is improving all the time, as I pay off old debts...

I have about 15k worth of debt that I would like to dispose of before trying to hold anything.

.: $11880Marketing/Promotion: $1000Total Expenses: $35934 NOI: $35346Debt Payment (P&I): $2227/mo or $26724 annual(based on $450k purchase 25% down and 20 year am at 5%)Cap Rate: ~7.9%Cash on Cash: ~29% (based on 25% down and 20 year at 5% and $7k closing costs)DSCR: 1.32x1% Rule: 1.76%GRM: 6.31 (using AFTER vacancy Gross Rent)Debt Yield: 10.47% (based on 25% down $450k purchase price)Wondered what other items I should be asking the seller for in order to evaluate properly?

(Getting rid of my student loan debt and becoming financially free would also be a plus!) 

I would have a decent net worth for my age and be able to save money for investment properties a lot faster and I wouldn't have a ton of debt causing me to be stressed out all the time.Option 3: Buy a house like in option 2 but instead of putting a large down payment, only drop 20-25% down to be able to keep a lot of my savings and use toward an investment property.

I am a young professional in my early twenties with a strong income for my age and zero debt.

At least where I am at, I see this quite frequently--- Keep in my that some of these larger institutions often sell millions of dollars of their "BAD" debt per month, and the paperwork process takes time... 

Again you are paying a price to get that credit report.  4th. any old debts that haunts you. try working deals with those creditors to clear up your name.