You also are able to secure really advantageous debt on a A class assets which is another angle a lot of investors take when buying in these neighborhoods.

It would be an easy way to get your feet wet in the STR game and most importantly you eliminate the whole 12 month wait plus the additional 6-12 months it will take you to build.

opionions on  getting your own debt in order before investing?

The specific multiple would vary from one provider to another, but this is based on a fee schedule we're very familiar with.The last Solo 401k benefit I'll mention is an exemption from Unrelated Debt Financed Income (UDFI) Tax on leveraged real estate.  

In most of these commercial loans, there is a very large prepayment penalty that is to be paid if the debt is paid off faster than expected.

I will eliminate a home in 30 seconds if it doesn't feel like an experience.

Two years of aggressively paying down debt and cleaning up our credit and we finally got approved for an FHA mortgage!

Locking in more long-term debt and getting out of the PMI from your FHA loan could be a huge benefit.Sorry if I made it harder for you. 

I base mine on monthly net cashflow, free of all short term or callable debt on legacy property.

We make a combined roughly $175,000 and have very little debt (no student loan debt for either, just car and mortgage).