It would be best to schedule a call so that these items could be discussed in more detail and provide answers to any additional questions you might have. 

That would be a debt service cover ratio of 1.5.

And after observing @Benjamin Aaker in action I love how he manages his debt. 

Since it's trust ownership, there are some additional benefits. 

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

Maybe you could extend the closings with some additional earnest money (even if you release it) and buy the time so you can simply do a regular 1031 exchange.  

These markets tend to attract a lot of investor activity, which can drive prices up, leading local homeowners to take on more debt to afford homes in their area."

.- 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.

However we often find our electricians get more expensive the longer we use them so we are constantly looking for additional electricians.