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That would be a debt service cover ratio of 1.5.

The obvious answer here is to somehow get some income and start paying down the credit card debt. 

@Michael Nguyen I bought a SFH first because I found a good one that made financial sense.

I’m going to consult a local financial planner but thought I’d ask the brilliant minds at BP as well.

Just ensure the new property aligns with your financial goals and cash flow expectations.After completing a 1031 exchange, you typically don’t have to wait long to do a cash-out refinance.

I conducted title searches to confirm there are no liens and double-checked with the county to ensure there are no outstanding debts.

.- If I use any of the above, can I use a portion of the money to pay off personal debt?

You don't necessarily need to replace it with exactly $140k in debt, as long as the total purchase price meets or exceeds your sale price and all the proceeds are reinvested.Using Proceeds as a Down PaymentYes, your $300k could absolutely serve as a down payment on a larger property, like a $1.5M asset, depending on your financing.

If the assets makes financial sense to keep otherwise, hiring a PM solves your problem and allows you to keep a performing asset.