Finally- you can eliminate 95% of the troubles and risk by simply having professional and legal screening and management processes, so don't sleep on that piece. 

. 💪 As for next steps, I'd focus on stabilizing your cash flow first, especially with the credit card debt situation.

Eliminate any with significant legal issues.  

I have amazing credit (760) and zero debt and I purchased 2 homes this way.

@Bradley Kirschbaum Not so much debt to income (as far as I know).

If it's mostly fully occupied you can get a full-doc commercial loan as long as it debt covers.

Try to get a cashout refinance to see what the bank thinks it’s worth and how the business would perform with debt.

Buying quality assets with a larger amount down, making improvements, and paying off debt could get you there relatively quickly. 

It’s a popular way for new investors to dip their toes into real estate because it allows you to generate rental income while reducing or even eliminating your monthly mortgage payment.While house hacking can be done with single-family homes (by renting out rooms), multifamily properties, such as duplexes, triplexes, and fourplexes, take the concept to the next level.

Hiring a property manager under Option B lightens the burden but eliminates cash flow if you leverage the property with a DSCR loan.