Based on the financial piece, and I am not a lender, but getting rid of your Credit Card debt would be my first goal if I was in your position.

@Cliff DurrettIn some instances the first will take a discount to give the second some money, but in this instance they are so underwater I don’t think the second will approve this as they are basically getting wiped, and they have much higher BPO’sAlso be aware the lender may satisfy the loan but not release the debt, meaning they will allow for short sale but then get a judgment to have the balance of Debt validated and still owed

However, based on the suggested  10-40% tax savings it could be a no-brainer.

And in these instances, the "fee" the pooler gets is that 10% difference, i.e.

Hello all, I'm an investor based out of NYC but i invest in Pennsylvania, in and around scranton.

If the market value numbers above are correct then you def will have a nice chunk of change to play with.  

Keep in mind if you are looking to purchase a primary residence, credit score plays a greater role in access to credit.

If the properties you're buying are going to be investment properties, DSCR loans can be a good option if you don't or can't do an income based loan. 

And while I was able to increase rents substantially, the making the garage a garage again, also involved a full gut remodel of the rest of the house, so the design and newness certainly played a big roll on the rent increase.Second case study, my wife and I recently bought a flip.  1960's built, four bed 2.5 bath house.  

The other two options require spending money that is basically going out the door to lots of fees and expenses of exiting your current house and getting into a new one.If you were just looking to move, that is perhaps a different story… If your house isn’t working for you, for instance.