Any debt that can help in an emergency is a good idea.

Lease options are the vehicle of choice here, until I sort out how to get to the other side of the ceiling imposed by debt to income ratio.

With a DSCR (Debt Service Coverage Ratio) loan, you can tap into your equity and still retain the cash flow since it's based on the property's rental income rather than personal income.

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

SFR is far less impacted by such, mainly because the debt being capitalized over 30yr terms vs, 3-5-7. 

@Tanner Lewis, is right, if you want to consolidate all of that debt into one loan then place all the debt so it is secured by the property, sell the property and 1031 into another property with one loan.

In college, work on the basics - get good grades, don’t get into debt, build your credit, etc.

I always pay off my highest interest rate items first, especially if its debt.

Maybe get your debt paid down, get your first deal, get some savings built up, then reconsider the potential change. 

Doing a conventional loan for each property is out of the question due to my debt-to-income ratio.