Almost the entire rent is eaten up by the debt service.

One thing I learned is that simply to own a note originated in certain states, you might need to be a licensed loan originator and/or debt collector.I'm looking to get into note investing, and am hoping to identify the ideal state to get started.

I'm not sure how that may or may not tie up your debt servicing for a residential loan (e.g. what if one member goes to buy a personal home...). 

As with this type of tenants it is almost impossible to collect the debt.

Full doc (IRS taxes 2 years); or bank statement deposits for 1 12 or 24 months; or debt service ratio; or asset depletion...  

High debt, corruption, and is losing population.

I have no outstanding debts outside of my current mortgage which is $156k Just refinanced with a 30 year.

Money is cheap, 3% interest rates are historic low and you’d do well to lock in debt like that now.  

I’m paying about 14k off in debt in order to qualify and we are discussing what this next equity split will be.

I have a 780+ credit score, absolutely no debt, and I just graduated college into a real estate investing job where I am only paid commissions.