Biggest factor to inflation will be supply issues and size of national debt.

We do have debt that we are currently paying off which amounts to about $6k per month, and we live on about $3k per month.

And with headline inflation now at 6.8% as of Friday, while 30 yr mortgage rates are still hovering in the low 3s (at least for now), this is a very unique time to buy and lock in still near-record-low fixed cost of debt. 

(For the time being as debt is tax free.)ORI can flip this property and after taxes its looking like I would put $32k in my pocket after all the taxes and such. 

Lenders love to see the ability to pay loans and to see no debt.

If the property is sold, any debt on the property must be satisfied before the proceeds can be split among the co-owners.8.

I have found that different banks count rental income differently - but for each property, the rental income will be added to the income side of your DTI and the mortgage will be added to the debt side.There are other types of non-conventional loan products you may be able to refinance into, which may be more specific to your market and local lenders, as other posters have suggested.  

Last time I checked with one lender, she told me I reached my income debt ratio and did not get the cash-out refinance.

Failing that, rent it on a long term lease option to wittle down the balance.Do you guys believe loan acceleration risk goes up substantially by trying to negotiate down the debt as the new owner of the property?

But there is about 800,000 dollars worth of debt on the house which they are trying to settle before selling.