I meant 10% down based on SD multi-family real estate prices.

@Trace Martin - Dallas is a huge area and neighborhoods vary depending on what kind of lifestyle you want and your budget.

Based on what you are looking to do, this might make sense.

Zoning varies downtown as well, so make sure your agent is getting that info for you.

There are so many caveats and unknowns here that this is just an attempt at an idea...Option 1, the four grandchildren living in the property buy out the other two:-Estimate your PITI payments based on the expected payout to the 2 grandchildren being bought out.

The mortgage payment is based on the interest rate and term. 

Hello, I am looking for a Maine based attorney to handle a private mortgage contract. any recommendations?

Again just covering my bases...thanks

Based on the desired monthly payment, we use a financial calculator to determine the necessary terms to achieve that payment, considering the price the seller is asking.If interest rates are not specified, our initial offer includes our desired monthly payment along with their asking price, with a balloon payment due in year 20.

You may also want to look into what Section 8's rates are if they will only pay a certain amount of rent based on bedroom count.