Quote from @Shayan Sameer: I would reach out to a couple lenders see if you can get some competitive rates and also see about the points too that they are charging..

I work with a couple investor friendly title companies.

The first couple is a no-brainer.The second group has too many people, increasing wear-and-tear on the home.

We are a nation wide and I have helped a couple of investors close flips in your state.

A couple of mine are in Mesa, one in Florence, and I just added one in Arizona City. 

Since you have verified this couple owns the property, you are good there. 

We are good friends but that's also not an issue for them because they are a dual veteran couple.

But there are a couple things to consider.

It is mid year and this tenants mom (co-signer) wrote the following note;I am writing to formally request the early termination of my child's lease at location in San Jose due to a medical illness that renders him unable to continue attending college.

I really appreciate the advice on attending a local investor group meet up.