I would be paying off any and all credit card debt first as that's going to be the highest interest rates.

There is now discussion that this eligibility could be eliminated (which would effectively move the waitlist sooner) but eliminate a major market from immediate STR usages. 

Lower LTV** improves your debt-to-income for future acquisitionsExample from a BP member I helped last week:- Denver rental purchased January 2023: $425,000- Current value: $455,000 (7% appreciation)- Current LTV: 81.3%- Extra payment needed: $7,400- Monthly PMI eliminated: $195- Cash-on-cash return improvement: 2.8 percentage pointsThe Step-by-Step ProcessWeek 1: Analysis- Pull your current mortgage balance- Get realistic property valuation (not Zillow - use recent sold comps)- Calculate exact LTV- Determine gap to 80%Week 2: Decision- Compare ROI of PMI removal vs other investments- Check if you have the liquidity- Consider tax implicationsWeek 3-4: Execution- Contact loan servicer IN WRITING- Request PMI removal requirements- Make lump sum payment if needed- Order appraisal if required ($400-600)Week 5-8: Follow-up- Weekly check-ins with servicer- Confirm PMI removal on statement- Redirect savings to next investmentImportant Reminders for September 20251.

With that pain point eliminated, I'm curious to know what others think.We have no affiliation with Truvi whatsoever. 

I can quickly eliminate bad comps to improve the rent estimate.I have Rentometer pro.  

@Brad Neihardt Go ahead and create an LLC, nothing wrong with that but don't expect the LLC to eliminate your need to guarantee debt.

Take your monthly take home pay with your current debt then ask the VA what kind of mortgage you would qualify for (Total amount and monthly PITI). 

(I'm in the mid 550 range, not much debt but only 1 income and 30k in debt)2.

And simply rolling your money into another property doesn’t eliminate taxes—if you want to defer or reduce them, you’d need a tool like a 1031 exchange, an Opportunity Zone investment, or an installment sale.

It is definitely helpful to have less debt as an investor.