Ive got some debt I would like to pay off before opening the door.  

You will need to research liens on the properties to determine if the properties are encumbered with foreclosed or unforeclosed street debt, irrigation assessments, income tax liens, etc.

Read books, pay down debt, save up cash, whatever gets you to your goals!

Hi All,  I am trying to figure out my debt to income ratio for a FHA loan, if I have a private debt meaning I owe a friend some money and I am paying him monthly.

I am not good with this for several reasons including I am personally responsible for this debt on paper, but he is going to benefit from continued ownership of this property, improved revenue and cash flow from this refinance and I am taking all the liability.

If you wanted the property back, set the opening bid as high as you legally can, which would be the total debt owed (UPB, arrears, late fees, plus trustee and attorney fees, corporate advances, etc).

Outside of real estate investments we are a strict Dave Ramsey no debt household so this decision seems counter intuitive to everything we've worked so hard to accomplish.  

After settlement I tried convincing previous landlord to vacate the property but no dice.

Everyone went to college and took on a lot of debt.

My thinking is this...pull 35k out of my 401k, sell a car and pay off the rest and also pay off all credit debt to bring down DTI, Refi my home, use some of the money to do some upgrades, rent out and then doing it all over again.