Subject To - Financing Deal (Assume portfolio loan)

[Trevor Foster II]

“Subject To” Refi/Financing

Bank is ok with me assuming the loan. 
I’m just wondering if there’s anything I’m missing or questions I should ask?
I’ve been negotiating and re negotiating this deal with the owners and we’ve come up with this. 

I plan to BRRRRR all 5 into a longer portfolio loan with a better interest rate. I think this deal will give me the leverage to cash out refi & go buy 5-10 more properties free and clear.

Should I get a hard money loan for the $60,000 down payment and then a renovation loan? 

Or should I just get a renovation loan to purchase & then sell one of the properties the I’ll own free and clear to pay off the hard money loan? 
Maybe a combination of the two?

I think once closing happens the leverage id have is that I’ll own 2/5 properties free and clear. 

Thoughts ?