In general, interest only debt can be an awesome tool.

I am able to place 25% down on both and I own both my cars and the only debt I have is my personal mortgage for a home that does not stretch my finances at all. 

So do I hammer out the $900k I owe and get debt free, retire and live below my means or refi first two and leverage more deals?

I also want to say thank you to all the experts for giving back and answering to post like this one. 

Rising rents, depreciating debt, and opportunity cost of NOT investing. 

“Then the lender can figure your income to include that projected rental income, which may help you qualify for better terms and offset your payment.”I’m trying to qualify for another single family property but debt-to-income is too high.

Then sell to a 4% cap rate buyer.For example, someone is buying at 3% cap rate with debt of 3.1%+LIBOR.

She has great income and very little debt to income, but is around a 550 mid score so about 30 points off from qualifying from most lenders 580 requirement for FHA.

She would already control 90% as she is bringing 2.7M of funds to the table (700k cash, 2M debt).-- I’d separate split of cash flow from split of equity too.

Dave Ramseys Total Money Makeover is also a good place to start if you have any debt or to start building up a budget and savings.