Should I be debt-free, or should I invest in RE to become debt-free?

If they leave the tenant there, they at least collect some rent, and maybe avoid some of those costs.

my debt is ok but could be better.

So, even if you win, easy to do in small claims, how are you going to collect?

Other methods of finding buyers is setting up a website, craigs list ads, google adsense, contacting wholesalers, selling a rehab on the MLS and collecting names, ect ..

For example, after looking at the details of the listing what dats do I collect first?

If there is no offer, then it sounds like a dirty "collections" trick to me.

Interest will vary but will run from 7% to 8% most likely for a fixed rate.They will require the following info:Balance Sheet2 Years Tax ReturnsRent RollProperty Info - what it will appraise for, the loan amount your asking for etc.To qualify you need a credit score above 620, debt service coverage on you properties 1.2 or above, enough cash reserves for the number of properties you have.Appraisal and attorney fees are paid for out of the closing usually.

You'll lose your rent credit, but you've collected the $200/month.

The Weebly site is fairly basic but it does allow you to collect names and direct traffic to your "real" website.Hope this helps!