For a list that small you may get lucky and no one will notice but in general you can easily run into frequent litigators that are just waiting to get called and file suit.

He's selling the house because he needs the capital to do a new build.I forgot to mention its a 3 bdr/1 bath.

Actually, he never mentions passive income.

as @Noel Challenger mentioned ?

Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.

In cases where VTB tends to work, the price the seller wants is higher than what the market will give them, so they are willing to take on some risk and wait but get the price they wanted.

Others have already mentioned your options.

As the others mentioned above pay off the debt.

The DSCR scenario you mentioned doesn't seem too far off depending on the full scenario.

Can't wait to get started.