That sounds pretty straightforward and we've got something similar here too and it's not bad. 

Definitely sounds like a solid deal. 

And keep in mind that the rate on the 2nd lien will likely be 10-12% so depending on the cash flow it might not actually yield that much cash to you at closingMore importantly, it's just more debt so ultimately it sounds like you need an income-producing event to actually improve your situation and avoid some of the consequences that you mentioned

To me it sounds like everyone is gone and boyfriend wants confirmation he isn't going to owe anything.

That sounds like a strategy that some of the YouTube gurus are teaching to wannabe investors with no money or experience and that is going to end up with a lot of deals going sideways as these buyers will probably fail because overpaying is obviously a bad strategy to begin with. 

That sounds like a great opportunity.Most of my listings are in St.

The way you worded your response sounds like after you analyze a market and decide you want to invest you will buy ANY property within that market without having to think about it.

Doesn't sound like any of this has been provided.

It sounds like you will be a successful owner which is amazing! 

Whatever you decide, it sounds like you're in a great spot and I wish you the best of luck!