What is your game plan in terms of surviving and paying off the rest of the 60% of the mortgage?

However, termites can be persistent, so a regular maintenance plan could add peace of mind and prevent future damage.For example, your pest control company’s plan charges $995 upfront for termites and $22 per month for ongoing treatment.

How much renovation are you planning on doing?  

Research high-rental areas, plan for repairs, and consider simple upgrades.

If you're planning to hold onto this property, I'd be happy to help with a long-term DSCR refinance!

Are there certain things we should plan or consider before we start? 

Due to planned changes in my families income situation, I need to shift my strategy.

I plan on getting the other one added soon.

Just trying to make sure it isn't called due right away or in the middle of the term as then we'd be scrambling to figure out how to pay it off when we both agreed to be on a payment plan until the balloon payment at the end is due.Seller finance makes sense in where I'd essentially be the lender collecting monthly payments until due.

If the deal still looks decent in a worst case scenario you can feel more confident in going forward because many things things don't go as planned.