When you say pay off the plan early, do you mean pay off the remaining payment plan balance or the whole debt amount before the settled to be paid amount?

Normally HELOCs require balance paid in a shorter time frame.-- Do you qualify for the loan with the addition of the HELOC payments?

I would try to buy it for the loan balance of roughly 140k since that is around 87% loan to value based on a value of $160,000.

It's often a delicate balance between comfort and profitability when it comes to owner-occupied properties.Renting out rooms, as you're considering, is indeed on the more profitable end, especially if you manage to secure a 3-4 bedroom property.

Current PITI just over $2250 with a balance of $415k.

You have a very high income and I don't see a reason to have either of those on your balance sheet.

Moreover, Kentucky generally boasts lower property taxes and insurance rates compared to many other areas in the country. (2020) #3 Cities with the Best Work-Life Balance, SmartAsset, (2018) #3 Best City with the Highest Salaries and Lowest Costs of Living, GoBankingRates, (2018) #1 Most Affordable Cities for an Early Retirement, SmartAsset#3 AppreciationLexington stands out as one of the few cities in the nation with an Urban Service Boundary (USB).

Take the monthly payment for the other debt you’ve paid and make that an extra payment on the debt with the smallest balance.

A healthy balanced market is closer to 3-4 months of inventory so we've got a ways to go.   

@Grant Stuard you have to have balance.