Are your funds using agency debt or are their loans callable and /or expire after a few years?

The three other judgments that are not child support - those cannot attach to the property since they are dated after the mortgage was recorded; sheriff sale removes those as liens, but the debtor still owes on the judgments. 

What is the basis, how long have the properties been held, what is your NOI, etc.With an exchange, you need to match the debt (or pay the cash equivalent).

That said, there are potentially private lenders in your market that would offer financing on your notes receivable, with your equity subordinate to their debt, or even in a pari passu arrangement (which means basically their loan is on a equal level with your cash in the deal - you share in upside and downside in the deal).As an example, here is how our credit facility would work.

This is becomming better known from the foreclosure fall out.Equity in collateral beyound what the creditor is entitled to can and does go to the debtor, it is not profit due a creditor.Just think about it, do you really think a 5.000 dollar debt on a $200,000 property is going to yield $195,000 profit to any bank or other note holder.....does that even make sence?

I see a lot of low-income renters applying for apartments in that price range and they often have bad scores due to medical bills, loss of employment, and other drama that takes place when someone lives paycheck-to-paycheck.More important to me is how well they paid their last Landlord, their car debt, or their utilities.Don't forget: if you reject someone or change the rental requirements (e.g. increased deposit) because of a credit score, you have to provide them with an Adverse Action Letter.

But because I have 2 beautiful daughters I really really REALLY don't wanna make a mistake and be in debt or a worse position for the rest of my life.

Discover extends their low interest rates to all military members, regardless if the debt (or the account itself) was pre existing or not.Other notable CC items for military members are that both Chase and AMEX eliminate all of their random fees, including on accounts that were opened after joining the military. 

Lenders are not in the charity business and often require assurance that the debtor cannot pay back any of the debt that it is forgiving.

Except in cases of property with enormous equity, it has been my experience that inferior liens are wiped out at foreclsoure.The inferior lienholder can somewhat protect himself by having a note acceleration clause in the deed of trust, and should the debtor begin missing payments to the superior lienholder the inferior lien holder can foreclose.Of course this foreclsoure does not wipe out a superior lien, and the superior lienholder can still foreclose and thus wipe out the inferior lien.However once the inferior lienholder does foreclose, he can then pay off the superior lien.