So tread lightly on your decisions, I do belive new builds are they way to go if you can build a solid list of subs and vendors.

@Carlos Lopes- thanks  - your points about accelarting the loan  payoff are  accurate ....the main downside to this is that whatever funds you are using  towards the  extra  paydown - wont be able to  work for you in some other  way .... if the  property is treading water  with the min payment being made - let it ride  and the loan will pay down on its own ....and then use your  extra  funds for  other  purposes 

High energy in your post, but tread carefully.

@William Coet, there is a lot going on with this potential scenario and I want to second the other advice being given here -- tread very lightly with specific tax advice for specific transactions, especially with seller financing. 

Were any of the stair treads uneven?

But that is all gone now drink very little these days if at all but I wont totally quit I have too much expensive wine :).my Routine  7am walk the dog 40 minutes  go right down into my basement gym  treadmill 30 minutes at brisk pace but incline 4 to 10 degrees then I might do the strider for 20 minutes and then the biks for another 20 minutes or like today walk dog 30 minutes tread mill 30  bike.. crunchs squats and normally some weights but i got a pinched nerve and its affecting that aspect.. then I sit against the wall in teh chair for 90 seconds trying to get that to 2 minutes started at 30 seconds a few months ago. 

If you are working with someone who will only paint the positives, and no negatives or risks, then tread lightly. 

By employing leverage, there's risk, which is why I started this tread (to find out how risky TDs really are). 

I don't really want to tread water, or worse go backwards.

@Michinori Kaneko , it seems like it, but if read thru all posts there is useful information even if you are not working  or planning to work with fund and grow, finding the few golden nuggets in posts is worth reading this tread fully.