To get this, if I can get it, I'd be paying more than those combined debts/liens, so hopefully the only ball they'll play is settling up from the excess foreclosure funds. 

Yes, as long as your debt to income ratio could handle both.

How does this work if I try to purchase another property for my debt to income ration?

So if you can position your assets into a single family with minimal debt you'll be correction resistant. 

@Jacob Hill I’ve found CenterState Bank to be very investor friendly and hungry to put CRE debt onto their balance sheet.

I will say there's plenty of catalysts out there; Stretched labor market, high corporate debt, overvalued assets, massive government debt on almost all levels, geopolitical instability, failing pension funds, political uncertainty, and on it goes.

Try re running these numbers monthly, including vacanacy for reno and expense for debt service.

Cleared all of my debt today. ( yay me!)

Recent events have pressed more of a NEED than a WANT- looking to get my brother-in-law into a flip or BRRRR-type property for a few reasons: 1) Get a young single father an alternative living arrangement to current situation 2) Allow him to pay down debt 3) Get him interested in real estate investing for lifelong financial benefit.

However, from an asset management perspective, it seems like it is not wise to pull out all of the equity because you'll be over-leveraged with tons of debt on the books.