They loaned me the money for my first down payment, and then the second.

If there is enough cash/equity it might cover the 15% down payment and debt payoffs.

Yes, I prefer a non saltwater pool. 

When you apply for a home loan we only look at the monthly payment and on student loans we only hit you with .50% of the payment or in some cases if it is deferred for 12 months we can ignore it all together depending on the program you choose, for example; FHA, Fannie Mae, Portfolio etc.Another trick is if the installment loan on a car/vehicle only has (10) months of payments remaining or less we can "Omit" it all together.

If all looks good, I suggest a one-year loan with one automatic one-year extension for another 2 points, subject to on-time payments, taxes & insurance paid, etc.

Lots of headwinds facing real estate, like the following: Inflation Consumer Debt Lack of consumer liquidity-- renters don’t have first and last month’s rent, let alone a down payment to buyOwners interest-rate lockedOversupply of class A multifamilyStagnation of rent growth on assets aggressively underwritten at acquisition Maturation of term debt combined with stagnant rent growth against a backdrop of rising debt rates =investors unable to meet basic debt coverage service ratios on refinance Market normalization forcing operators and investors to rely on market fundamentals (recently) forsaken, while prioritizing expediency of deploying capitalInstitutional and local investors are both frozen by volatility and cost of capital and debtAll that being said, we feel good about B and C class assets we focus on and the markets we are in. let's connect soon 

Not bad wealth generation in a non-optimal RE market, but my last RE purchases were Dec 2021.  

But what does the lease state about nonpayment of the rent and collections process?

Collecting additional payments from the family beyond that stated in the Tenancy Addendum to the lease (also called “side payments”).2. 

Price is $200,000 with $20,000 down on a 6 1/2 year term (78 payments) with 0% interest.