Turn it into an interest only loan...don't pay anything toward principal at all, just tread water.

Tread carefully. 

And some Homeowner insurance companies may not even insure the oil tanks, etcI would like to tread carefully here and had few questions and want to learn from your experiences:Would HUD pay remediation costs?

Flipping, is something I would tread lightly with, especially if you're new. 

. - REMOVE CARPET MATERIAL ON BASEMENT FLOOR AND UP STAIRS - REMOVE BASEBOARD; DOOR CASINGS AND INTERIOR DOORS - REMOVE SHEETROCK UP TO 84” HEIGHT OFF OF FLOOR - REMOVE WALL TILE AND SHEETROCK SUBSTRATE IN BATHROOM – SAVE TUB/SHOWER FAUCET & TRIMS - REMOVE BATHROOM VANITY – SAVE FAUCET - SAVE TOILET, TUB AND TUB GLASS DOOR - LEAVE HVAC AND HOT WATER HEATER IN PLACE FOR INSPECTION - LEAVE ALL ELECTRIC IN PLACE FOR INSPECTION - LEAVE FRAMING IN PLACE FOR INSPECTION - REMOVE INSULATION ON OUTSIDE WALLS - NO CEILING WORK - REMOVE STAIR TRIM THAT WAS UNDER WATER – LEAVE TREADS AND RISERS IN PLACE.3.

tread lightly.

Staircases eat money and time, and then they tend to get scratched up in moves and during the winter.You might want to look into vinyl cap-a-treads as an alternative to carpet.

Personally, if she is ok with things then I'd tread lightly.

If the attorney you reached out to is familiar with lending laws in your state, and they are saying the loan is above those usury limits, you are treading into water that could lead to the loan being forgiven without repayment or the lender repaying all the fees to the borrower because it is an illegal loan. 

I am by no means a lawyer, but you'd want to tread very lightly before engaging in such activity without proper approval or understanding of state law.https://docs.legis.wisconsin.gov/statutes/statutes/452/03https://docs.legis.wisconsin.gov/statutes/statutes/452/19