But the rent will not cover my mortgage in this so I ll be negative every month for a year.

Therefore, a seller financing deal is ill advised when there are other mortgages on the property, unless these banks consent to the transaction.

I recently came across an INDEXED  UNIVERSAL LIFE INSURANCE POLICY as far as i understand it, just recently became available to the general public (used to only be available for the already wealthy) that I purchased for myself through a business so its a tax write off. its Indexd meaning it goes up when the market goes up but stays even when the market goes down, (no losses in value)sure it might "only make" about 6-7% and you could potentially make more money in another investmet, but along with the Death Benefit there are also Living Benefits, for illness or injury, which is a great hedge in an event someone become incapacitated in any way their family is still taken care of financially. thats the "isnurance" part of it that pays out "incase"after I think 1-2 years of "loading it" it becomes very Liquid ..you can become your own personal Bank and borrow your investment from yourself, you`ll have to pay it back to yourself, but you again get the interest write off.at the end of your retirement when you end up taking out your money out as "loan to yourself" instead of a draw so it not Taxed as income , essentially "Tax Free" I also understand that banks when lending also count your insurance policys cash value as an asset.which could help with loans from themI was really impressed with how it was presented and was so far one of the best "off the shelf"  retirement investment vehicles (compared to say a Roth IRA) im sure i left a few things out but thats how i understand an indexed universal life insurance policyyou can also "load it" pretty heavily evey year compared something like a Roth Ira which only allows you to load a max of 6k a year?

I’m very sad to say that he has quit the biz due to illness and I am having a terrible time finding someone to step in his place.

At very least, run your proposal by other family members so no one gets bent out of shape.Third, a three-year balloon is super-short and ill-advised!

Hello, I'm Dave and I'm sorry your father passed away (divorce, foreclosure, illness), I'd like to buy your house. 

I still gotta clarify exactly what properties I'll be able to offer as an STR given Jacksonville's STR regulations, but I 'll work on that as my next step.I will indeed get on AirDNA to be sure about the area I'll look to provide units -- so thank you for that, too. 

Ill definitely look into this!

I’m quitting my full time job due to an issue with a potentially ongoing contagious illness at work that I do not want to catch so I am going to go limited part time where I’ll likely get 4-6 shifts per month which will subsidize my bills just enough that what I’m able to collect from my real estate will be plenty.

Most people don't like to speak ill of others.