We opened every wall we could and finally allowed this home to breathe.

I know the Grant Cardones of the world think that is the best way, but sometimes it's better to learn from your mistakes on your own because you do not want to start having to deal with the stress of a partner breathing down your neck as you're just getting started in the game.

People like that don't breathe without consulting their lawyer or accountant (sometimes both!)

Higher rates and lower available credit on all my cards - ironically all but my Chase card - won't hold my breath :)

If something were to come along that actually made sense (and I'm not holding my breath) I'd be willing to move on it - I just don't see that happening, so I'm focusing my time and available resources on a different market segment (in the same area) that makes a lot more sense to me. 

I breathe a sigh of relief. 

Most of the banks and reo servicing companies (hubzu, auction.com, etc.) are now charging technology fees, buyer's premium fees, breathing fee, stupidity license, etc.

There are several so don't hold your breath while you read.All flooring on the main floor needs to be redone (thank you Mastiff's). 

I would absolutely start paying down the debt at least enough to get some credit breathing room for emergencies (this will help you sustain a shock or two without tipping over) and to get your score to at least 700 so you can get more favorable loan terms, also improving your chance of success.

I'm not holding my breath, and intend to move forward with a deal today, but I wouldn't burn all my liquidity for a down payment with one deal at the top of the raging bull market we've seen in everything from real estate, bonds and stocks.