To summarize, if you close with same lenders, they are aware of both files and they will calculate the new total monthly debt, if you are not going with same lender then you should do the refi cash out first as the DTI (debt to income ratio) is more loose on HELOCs. 

Ultimately, through learning and copying their process, we were able to increase our available credit from about 250-280k to over a million in a few years and we were eventually able to transfer a large portion our personal debt that we were using for business purposes over to business debt that did not effect my personal credit score any more.

My daughter just turned 10 months, so would be looking for daycares for now.I dont have any cash saved now because I'm clearing all credit card debt, and plus I just bought my first property in October.

@Jack B.How does having less debt equate to less risk?

Other than that all of my residual cash goes to my investment account for REI or other opportunities.Car Payment: 2.99% @$270 a month Owe $8,000Live overseas in Germany and have no mortgage or other debt except for car and my REI.As I first stated my initial goal was to have 10 homes by the end of 2018 and I was close but had a duplex fall through in December.

I bought 2-300 sq. ft. comm and 1-700 1 bed condo 2 years ago and 1-680 sq. ft. 2 bed condo in May, have about 380k in debt (25 year fixed loan) and about 250k in equity in the units. 

I like this option because our monthly debt is far less but I doubt we could get another loan in future.  

My experience, also in a fairly expensive market, is that by the time that the down payment is raised far enough to meet the debt service requirements, you might as well be in a conventional loan.

Secondly, you get the debt pay down of having a tenant.

Hello everyone, I am looking for your thoughts on my current and future potential mortgage/debt situation.