Also be honest with what you want and how much time you have. 

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

@Sean DillonAt 18, you're in a prime position to start building wealth with low expenses and plenty of time to scale.

At this time the primary goal is passive income and then scale within 5 years as I gain more experience and network. 

You can't actually pay it off directly because they've been securitized, and the people who invested in those securities did so because of the specific certainty of the payment schedule.What you do in a defeasance is use the proceeds of the sale or the funds from your new lender to purchase treasury bonds that are packaged to make the exact payment amounts and timings on the remaining term of the loan, and then assign those bonds to your old lender.

My name is Meghan Carson, and I’ve been on the site for a while commenting and connecting, so I thought it was time to formally introduce myself! 

Take your time, be wise, and time will reward you.

I appreciate your time.

In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.

At the same time you're figuring that all out, get your brother and friend under a lease, or at least, a written agreement both parties can agree on.