Pay off as much of your debt as you can, particularly high interest debt.

Originally posted by @William Moya:@Jay Hinrichs I like that opinion Thanks Well I just noticed your NMLS # so assuming since your registered there you also have a state lenders license and fully understand debt obligations and how they work.. so this would of course be a slam dunker for you. 

Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

Purchase Price: $369,000Rehab costs to date (Cash/0% Credit card): $22,000Additional cosmetic rehabs: $6-8kAs-Is Appraisal: $420,000 (April 2021)Current Rental Income (friend living with me): $800Mortgage: $2000Comps in the area: $490-560K but average sqft price $264 with prop size of 2450 sqft, so could be more.Rentals in the area: $2.5-2.9K a month, not including additional living space.My financing/current capital methods:Personal Income: $129,000 a year.Rental Income from above: $800Student loans: $340 a month.No other debts other than CC payments for rehab and personal debts: $12,000.Savings (does not include investment accounts, 401k or IRA): $12,000Cumulative CC Limits: over $50k.My questions include:What are my best options to get this thing to cash flow while adding as much value as possible for a refinance (pay off CC and have cash for another off market property I have in the wings).

Back end refers to your debt to income ratio.

You may also ask for additional compensation, as not clearing the debt from your books as they were hired to do could be costing you income-producing activities.All of that said, you need legal representation right away.  

The title company processes everything, impartially, and "insures" that the process is done correctly and ownership and debts are squared away perfectly- and the title company is liable.However- you 100% absolutely can use an attorney, if you like- but it's usually in addition to the forementioned team.

I would think you would want to rent it out first to have better debt-to-income ratio which your mortgage broker takes into account when financing or refinancing.

@Jay Thomas there are actually quite a few local banks that like construction/bridge debt.

Just to ensure I'm grasping this correctly...If I purchase the property for $499K - $72,140 at .144 cap putting 25% down then:Refinance the property at .08 cap = ~$900k w 75% LTV = $675k amortized over 360mo at 6% = $4050/mo PI payments     $72,140/12 = $6012/mo NOI     $6012 (monthly NOI) / $4050 (monthly PI debt) = DSCR of 1.48      I guess it would be the same over a year of 72140/48600 = 1.48 DSCRRegarding the market analysis - I'll reach out to my lender and see what they can do for me!