I have about $22,000 in student loan debt.

She came into a settlement of even more money and wants to put it down.

A avoid personal debt 2.

I'd like to get an FHA loan to do a cash-out refi and use the money for home improvements, some minor debt pay down (mostly to raise credit scores) a cushion for starting my real estate career, and ultimately buy a new house and convert the current one to a rental.

The property will need to be listed, offer obtained, and the sellers financial package will need to be reviewed by the mortgage servicers to see if a settlement is possible.

I rarely have DSTs available with that much debt. 

Paying down debt (student loans if any) and working on credit will also be helpful in the future.

The only thing that makes my numbers work is no debt service. 

We continued to live with our parents, save money, pay down our $50,000+ student debt bills and more than anything learn and invest in real estate in our hometown.However, after 18 months of relentless studying, networking, calling, door-knocking, and driving for dollars everywhere in Indianapolis we identified two duplexes via our newly built network that finally fit our goals (and that we could afford).

Back then, i had some unpaid debts "Post 911 unemployment" and left the country.