I'd rather drive a used car I paid cash for, then to screw up my DTI and not be able to get funding.

No large purchase goes down in value faster and a newer car is a wealth eater.  

@Cary Trusty Sounds like you are on a good track.

Comps in the area are okay at 150k but I don't know it that would be worth the repairs (I haven't spoken to a contractor to get an estimate).All of the big investors that I've met in NC are in Fayetteville, Sanford, raleigh, cary, etc. and I haven't met anyone who flips this far south in the state.

It's all relative.Also, I never said I would PAY someone to mentor me on buying a car.  I

@Cary Trusty Hey nice to meet you.

When I bought my wife a car, I saw the same exact model in the same exact color 20x that same week.  

Originally posted by @Cary Ferguson Jr:@Andrew Christian$60K could go a long way here in the Cleveland area.

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Student loan interest is tax deductible, so that's less of a concern and even if the car is upside down, if the interest isn't high, just let the loan run it's course and continue to invest.