If your 24 with no kids or debt, or car you can do that city at that income. 

If that's you we can provide either debt or equity to grow your business.

One possible solution is for the partnership or multi-member LLC to pay the debtor a reasonable salary or a guaranteed management payment which is exempt from creditors if the debtor is head of household.

@Dean HulsingIf 10 units have turned over in the past two years - say 5/year or 31%/yr -  your economic vacancy will be greater than 12.5% ... without even considering evictions, bad debt or concessions, you will likely be in the range of 20 - 25%.  

@Anthony Newbold  the reason he is not in jail is because we no longer have debtors prison... our debtors prison is now credit card debt and other consumer debt that people voluntarily get into .

@Andrew Boykins you need to decide if you are going to use equity, debt, or a combination of the two.

The simplest deals will be just equity and senior debt, while the most complicated may have multiple tranches of mezzanine debt or senior debt that is later syndicated out into multiple notes.

I have implemented both philosophies simply by going through the debt snowball in my personal finances but using leverage(debt, or others people's money) for investments. 

Every loan officer on the planet is going to tell you to "build good debt" to replace "bad debt" or a non-existent credit history. 

Due to some of that and a couple more ideas, typically I take the easy way out with these discussions on BP and say, if you are acting like a lender either in debt or equity you need to get a license.