Used funds to pay other debt off plus out cash in the side.  

Is there debt on the property or are you doing all cash?

From an internet search"Unrelated Debt-Financed Income (UDFI) is a tax that applies to an IRA when it uses debt"

Can you do side hustles, cut down costs to get rid of these debts?

It should detail any liens or subordinate agreements, including the unpaid balance.

Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

I did run the numbers and it seems I'd be accruing more debt with higher mortgage than currently.

FHA is easier to qualify for and allows for higher debt to income.If you have not spoken to your lender already, you should also just look into the HomeStyle Renovation loan.

Look for loans such as DSCR (Debt Service Coverage Ratio) loans. 4.

In the pitch I include just a couple of my projects from the last year as a reference to my experience.