If you'd ask this question while still employed I'd say apply the $8500 toward knocking down the debt quicker but since that is not the case I would build up your reserves to about 6 months then begin applying those funds to bring down the debt. 

DOM can be minimized by a number of different factors including the quality of marketing, rent price, availability to show. 

If you can shorten the window on the cash out refinance to the next purchase/refinance the rate is not really a factor.

I could be wrong due to glancing and it is only noted here as some investors may evaluate deals with that as a factor.

The 5-10 it gets heavier and a lot busier, and 10-15-20 it really is untenable to self-manage especially if this is not you main business like a person buying their own rentals and building it like a small business. 

The rise in home equity over the years can be credited to two key factors:1.

I am the founder and if the club was meant to defraud people, I certainly wouldn't invest in an office building to invite strangers into my home. 

BPOs are typically exterior only and agents usually earn $30 - 50 to complete them, so use them as a reference but not the deciding factor.                                                                                                                                                                     

While I was running my inspection business, trying to build a real estate business, and taking care of 4 rentals with family, I was also going to night school to get a degree in MIS.

Building up a rental portfolio, flipping, wholesaling?