I need some advise on what I should do?

[Angel Jordan]

Hello everyone, I need some advice on how I should proceed. I would like to purchase a rental property but my debt to income ratio is too high for a loan. So I recently got a 15k (APR 18%) personal loan from my bank to pay off a high balance credit card that has a very high APR 24.99%. It was my only option because my bank declined my credit card increase request. I have not paid the high balance credit card yet, because I’m thinking it maybe a better option to purchase a rental property. I’m only working with about 20k in the MD area. My other concern is that properties in that price range need a lot of work before you can rent that out. Any advice????