My main focus is multi-family house hacking, but I’m open to other strategies as well.I’ve always had a passion for real estate and decided to move to a market with strong rental potential and affordability.

Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.

The phone number for the 'agent' emailing me is the same as the one for the main business.

The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

If the deal is residential 1-4 units, I'd aim for 30-year fixed-rate debt. 

Cash flow is positive although small (between $200-$1200 depending on number of units in the property) on properties that I bought mainly 2011 thru 2017 because of low buying prices and rents have gone up well.  

It would be mainly rented to alumni, parents of students and people exploring the area by the University of Florida.  

Depending on some other factors though it might be more beneficial for you to either pay off the other debt or invest it in the market. 

I suppose the main question is, does this company actually come through.