Assuming your debt is SUPER cheap and only costs you 12% you’ll save $22,800 TAX FREE  So the combination is saving $60k at 12% (or more) is $7,200/yr and $130k in the bank at only 4.5% is another $5,850/yr  so you’re over $13k GUARANTEED instead of a chance to make $7,200 before taxes  

Quote from @Robel Nessro: Hi what's Good Debt and Bad Debt and what is considered good debt and what is also considered bad debt?  

ps Google  'Dave Ramsey' and 'Debt Snowball'

Is it common to purchase a home with other debt?

We were hoping to get agency debt on this to get the best rate.

There are types of deductible debt: - Acquisition debt (a loan to directly acquire an asset)-Renovation loan (loan against an asset, used to renovate that asset)-Replacement debt (a loan which is a refinanced replacement of an initial qualifying replacement). 

When I did my first house hack in Columbus I showed very low income on taxes. 

Could you provide guidance on how to navigate this situation from both a tax and mortgage perspective so I won't have issues getting my next property?

When dissolving your two-member LLC and selling a property, deferring capital gains taxes individually can be complex.

So often rentals don't have taxable income; and once they do it's still not subject to the payroll taxes paid by W2 wages or on self employed income.