I would apply the cash flow to pay down the debt and hope to have significant passive income (or equity to put into something else) in 10 years.

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

Learn to control your spending and pay off debt.

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

A month post closing, the son of the buyer (mother) has written a "legal" request to have us buy him a new refrigerator.  

Hi everyone
Idk how to feel about this.
In 2021, I purchased a property that used to be a duplex. The previous owners turned in into a single family home. I went to the city and they verbally told me it’s ok to turn...

I don't want to violate any of the self-promotion rules on this thread by specifically linking or name-dropping, but it's from a data analytics platform I am working on specifically built for tracking construction, debt, and ownership activity in the Philadelphia region.I will be posting more detailed insights soon. 

we pay a LOT of money for legal advice, legal document preparation, etc., the result is that we aren’t challenged when we need to take ownership if the borrower can’t perform.    

From this perspective, yes, I am still legally responsible.But how can both people be legally responsible for the same loan?

Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.