Newbie in Dallas possess solid job need advice on REI

[Charles Goosby]

Greetings! I am new at REI in the Dallas area and needing advice for start up. I possess a stable job making roughly 75k a year, but have poor credit/divorce. I own a mortgaged home with ~50k in equity. Managed several rehab projects with pics and budgets to verify. I have 3 scenarios I'm contemplating. Option 1: I have a couple who are pre approve buyers with mid to high 700 credit scores with no big down payment, but interested into buying a completed rehabbed home from me. I've used their specifics and have found properties fitting the %75 ARV RULE. Option 2: I would like to purchase a rental property that my budget could maintain. I currently have tenants I've rented part of my current house out to for the past year who are now prepared to move on. Option 3: Attempt to refi. My home for start up to make deals possible. But my credit is poor from a recent divorce this year, so that option is very sketchy. To add I don't have seasoned down payment money for a refi. I'm so confused on which option would be best to attack first. ANY insight would be very helpful. Thanks again BP.. Charles