Since I’ve been syndicating real estate debt and a few equity deals for 25 years, I’ve made it my business to maintain a constant “overview” of the “product” being offered.  

You can refinance it into a conventional loan and that helps avoid the higher down payment.FHA also offers more wiggle room when it comes to DTI debt to income ratios and reserves requirements. 

For me I have 3 main goals I am shooting for:1) Pay back the debt I acquired purchasing rentals this year. 

His lawyer took 1/3 of the settlement, and he owed the hospital $90K. 

You are required to disclose that debt, and it will be a fairly easy catch for an underwriter, even if it's not on your credit report. 

If you do you may run the risk of piercing the corporate veil of your LLCs making you personally liable for business debts. 

Bob arranges the money for Joe, so the bank is short again even though Bob could have paid more on the debt.

More importantly, get the high interest rate debt paid off first.

U know when the settlement statement comes in there maybe 1 point but 5k in junk fee's that are disclosed until basically the day of signing as they are not legally bound to disclose all their fee's up front like a NMLS state licensed owner occ loan.

In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.