Additionally, your brother would inherit your cost basis in the property, which could result in significant capital gains tax if he sells the property later.

Additionally, we are approved with the Better Business Bureau (BBB).

They are all pretty the same this one cash flows the least amount but has some additional upside.   

But if I decide to pay an extra $2,000 per month, in addition to my (dropping month after month) minimum interest-only payment, when the loan is recast to principal and interest, the new payment will be based on the remaining balance ($396,000) spread over 25 years.

In addition, I have my home that I recently purchased with a tad of equity for maybe a Heloc. 

Once you’ve built some confidence and systems, you can start exploring additional markets.I personally focus on 2 markets that are about 20 mile radius.Make sure the market(s) you choose align with your investing goals, whether that’s cash flow, appreciation, or both.

Or in this case the additional tax on investment real estate in SC. 

I have about $100k in capital reserves and can leverage the 2 properties for additional capital, as needed.

Additionally, most servicers will provide the tax documents needed at end of year (1099-INT, 1098-INT) and can also issue notices of NSF, late payments and support delinquency /default.

For instance, Speedway, Beech Grove and Lawrence have additional rules in place.