@David Fawcett you will probably need to include a city or a more specific area than Northern KY.

Now a consideration could be money but it could also be other things including promises to do something or not do something.

There are a lot of variables including your structure (LLC with Partners?)

As reported in the Miami Herald (https://www.miamiherald.com/real-estate/article221739550.html)  Cities included now are: Boston, Chicago, Dallas-Fort Worth, Las Vegas and Seattle.

Absolutely need everyone on leases which will include detailed rules and regulations.

I'll include a few below.

Have you ordered a payoff to see if 152K is truly what is owed including late fee's, interest, foreclosure fee's, etc?

Just so you know, the basic requirements for the property include income of 3x the rent, good previous landlord recommendations and a favorable background and credit report.

They included 15 months or so worth both taxes and insurance.Your monthly payment includes principal, interest, taxes and insurance.6% is a little higher than typical loan, but it is difficult to get a loan for less than $50k.....most lenders won’t/can’t do it.

You are possibly leveraged too high to make this deal with lender. they may be skeptical, because you may not have enough skin in the game(YOUR MONEY) some one financing the down payment is normally a no from a lender on investment property