@Robert Polyack good question as my first thought is always to get rid of the sensitive information, however you may want to keep the applications in case a Fair Housing complaint was ever filed against you.  

I can do an interest-only payment, and get rid of the debt without really even paying a payment on the home... 

Which I have had to get rid of on deals to make it work, but it seems a little excessive in a sellers market.

I purchased a short sale house in Burbank in 2011 that cash-flowed quite nicely from day 1 and is nearly doubled in appreciation.I was investing in Fresno (mostly Clovis) for pure cash flow and hopes of appreciation up until a couple months ago and got rid of my last property up there.

Only two ways to fix a DTI problem, and that's to find more income, or get rid of some debt.

Appreciation allowed me to refinance to get rid of mortgage insurance and get a HELOC, which allowed me to buy another rental, and now another primary residence (rented out the first house as well).

Widowed woman, 67, who wants rid of her duplex for the income and less hassle.

Where I've looked, it seems that you can get rid of the pmi once you hit 78% with the fha loan...do you know where I might find this out more definitively?

Roberto Santana to answer your question about starting out or getting rid of debt.

I don't want to be buying peoples' "trash" or notes they are looking to get rid of themselves.