Taking out more debt does not sound like the best option IMO.

Eliminate debt, establish a budget, and save.

Quote from @Joshua Piche: Im looking to move out this year and house hack my first property I’m 24 debt free still living with my parents .

Actually you'd never hit that because eventually the debt pushes you into a margin call and forced sell and you'd be at or near $0 in just handful of years at best. 

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

Eliminate debt, establish a budget, and save.

This can slightly affect the LTV or interest rate because your loan is based on the income of property therefore we need to make sure that your property is debt servicing at our minimum required ratios.We are introducing new products in September.

Trying to cut my losses as the borrower got all her unsecured debts discharged through Chapter 7.

So he needs to be more ITM than  the 1.25:1 ratio.With that said, to answer the question-- figure out your debt or income.

That will have a much larger impact on your outcome versus the debt product.