Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.

I can't say when that will be but 4.125 is quite a lot depending on the rate you get.I personally want a hassle free funding experience and the lower rate.

Here’s what keeps successful house buyers winning (even when deals fall apart):**They don’t get emotionally attached to a deal- A lost deal is not a personal failure.

The seller purchased the property to do a favor for someone and the person died.

We're based in Tampa and, in addition to personally investing, I own a mortgage company that provides financing for tons of investors.

What to do with the equity in this property will depend on what your personal finance plan says about your asset allocation. 

I am here to create a business strategy that protects personal and business investments and mitigates risk,  procure a coach or mentor, and set up tax strategies to create long-term wealth for myself and my family. 

You’re still going to be personally sued when something goes wrong. 

I warn people over and over and over to know what they are buying and to go personally see what they are buying. 

As a beginner, I would personally get my feet wet with something a little less risky without a balloon payment like that.