I have zero consumer debt and no car payments, as I have a company vehicle.1.

Most HM lenders are wanting 11% on a 6-8 month build loan even with zero debt, a good credit score and 20% down. 

Bank loans, bank accounts, brokerage accounts, IRAs, 401ks, car loans, insurance companies, cruise ships, credit cards, ez pass, doctors and hospitals, drivers licenses, colleges, high schools, not to forget gun shops, google, ATT, Verizon, Comcast, Amazon, airlines, CIA, IRS, FBI, TSA, Homeland security, Target and Home Depot data breaches, security clearances, car dealerships, title companies, accountant, employers, landlords, credit bureaus, payroll companies, golf and tennis clubs, business clubs, volunteers at schools/churches, Russians and Chinese, etc. it’s more of a question as to who doesn’t have it as I see it.

You need to reinvest the total proceeds received from the sale (including debt paydown) in order to defer all capital gains.

I had three years interning in the field and I was getting BLOWN up by offers from various Mortgage companies, so I finally decided to cut my losses at $40k of debt, enter the work force and stop racking up debt that I'm really not deriving direct, tangible value from. 

One issue came up and need your help:The stabilized value will be $20M Debt: $12MI was going to raise $4M for 50% and keep the other 50% (I really like the space-great credit tenant-I pushed hard to get 4.5% increase - newer built-best location etc.)TAX issue: My basis in the asset is closer to $5M (50%=2.5M) when raising $4M for 50%, how can I structure to not incur a taxable event?

Other than owning her own home, zero debt, she has no experience.

He said because my credit score is 830 I could get a good HELOC rate which essentially acts as a credit card but I dont feel comfortable going this route.Thanks!

Bear in mind, you’re in debt, young with little RE experience (lots of knowledge though.) 

@Dana Powell...Sounds totally fine to me on a no-doc no ratio loan because those numbers are debt servicing either.