Sorry I wasn't intending to joke with you?
The way I see it is you have 2 choices when you do something like this.
1. You are going to do something totally new that's never been done before
2. You are going to do something that's been done before
If you choose #2; then go find the people who have done it and ask them how they did it. Then do it that way.
What TABS said is genius and most likely works for him? But holy Bjeezass that would take me a minute or two to figure out and has to be calculated, maintained and orchestrated exactly to be successful. My experience in life has taught me that things dont always go according to my plan; ha!
The thing about debt is that there is good debt and bad debt. Good debt makes you money; bad debt costs you money. I try very hard to work with only good debt.
At one point in my life I was sooooo focused on "no debt" that I just paid everything off. I sat there for 3 years basking in my so called success; then I went back into debt making RE investments. If you already know that you can be debt free and are prepared to jump to being a good debt investor; then I'd say go for it! I just wouldn't do it with a 30 yr amortization?
Once you are debt free (at least in your mind?); it is easy to hold the cards close to your chest and make investments that are fun, exciting and can easily double your money. I do RE, but there's hundreds of ways to make money. I'm excited about the future.... I've got a ton of RE I'm sitting on right now and when people start cutting checks again I'm gonna have fun unloading it. Till then I'll just enjoy 4x4ing in my Hummer
You're a smart guy; I'm sure you'll do very well.