How do I get around my debt to income ratio now that I already have a brand new mortgage, car payment, paying rent, and college loan but a decently high salary? 

If I were to schedule a credit card payment which is due on the 3rd, I would schedule my payment to go out a few days in advance such that the full payment is their hands by the 3rd to avoid any penalties.

I know how i will get the money for the down payment.

So if you have down-payment I would go with 4 Family. 

For the drawing up the paperwork, the one option you would have is to essentially be the bank and write up a deed of trust and promissory note and put a lien on the property payable with a due on sale clause or however you structure the payments. 

So spend $70K for rehab, plus how much for down payment, cost of capital & other carrying costs?

Balloon payment on property due on Sept 30, 2017 of $139,022My Rental CashflowGross rents - $1800expenses (less insurance and taxes) - $600NOI = $1200$1,200 - $1,400 = -200 CFWith what the seller is proposing, I will be losing $200/mo in the best case scenario.

Figure your PM at 8- 10%, you will have garbage, lawn/ snow maintenance, water sewer, your taxes, insurance and loan payments. if there is common hallway or outdoor lighting, is it metered separately, if so, you will have that expense as well. 

My biggest obstacle at the moment is coming up with the initial down payment of $125,00.00 for the bank .

I need this amount to put as a down payment on a hotel .