Partner coming in with down payment and I’m finding the deal and managing it.

We bought the property via SUB2 and he has never made a single payment to the mortgage company.

However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes  Don I should have added the reason these folks were paying on the second and not the first is the payment was much smaller.. 

Its possible but it would still be close to wiping out the rest of the cash flow I have due to the loan principal/interest payment.

I wanted to have a spot to rent out and cover the monthly mortgage payments while securing a small spot to have for myself in the next 30 years for when I no longer reside in Charlotte but want to visit friends, or downsize.

The method of payment doesn't really matter - what's important is that it is tracked in Schedule K-1 and reported to IRS. ...

Leasing at $3k/month covers your current mortgage comfortably, so refinancing could relieve the pressure of the balloon payment.

I'm considering refinancing my current VA loan, which has a 5.6% interest rate and a monthly payment of $3,200, into a conventional loan.

There are 4 months of on-time payments consistently.

They are however good at 20-25% down commercial portfolio loans if you need a creative solution so it depends on what your intended use is, your preference is, are you trying to get maximum leverage aka lowest down payment or is rate or cost your main preference?