I’m concerned that holding this note may prevent me from closing on future deals due to DTI ratio.

Now, there may be baseball and basketball (rooting for the Maloof family).

This is a fairly common issue with older properties  where root structures create a dislocation in the line causing constant backups and the only remedy is replacement.

But again, make sure none of them will prevent financing.

Example: the intention of Passive Activity Limitation (PAL) rules is to prevent high-income earners from reducing their taxes by merely investing money into real estate.

BP prevents me from putting their email in my response, but the email is in your confirmation email for the conference.

Here's what ME lease agreement stipulates for pests:(F) Pest control, after the first ten (10) days of the Term of this Lease, shall be the sole responsibility of the Tenant, including, without limitation, prevention and remediation.

You could assume the mortgage and then refinance, but does the home have enough equity to prevent you from making a downpayment?

Make sure you have your paperwork in place though to prevent ill-feelings or misunderstandings.

Normal wear and tear refers to deterioration over time from ordinary use, but damage like a large oil stain in the driveway from a vehicle is preventable and would fall under tenant responsibility.