-As noted, splits are off.

Once your income is stabilized, you can do a refinance to remove your coborrower back off of the conventional loan. 

My name is Ashley and I’m looking to provide value as a bird dog by helping investors find off-market deals in areas like Trenton, Hamilton, Hightstown, East Windsor, and Princeton.My goal is to learn, grow, and build lasting relationships with investors in my local market.

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

We will harness the power of our tech ability to scan and filter many opportunities on and off the market to create a funnel of properties suitable for our strategy.

I'll subto his existing mortgage and pay off the 120k.

Not off the top of my head, sorry.

Used funds to pay other debt off plus out cash in the side.  

Depends on which state you're considering.This is just off the top of my head and far from an exhaustive list of considerations.

If it isn't the same amount every month - an entirely new batch has to be setup for each "off" amount and refunding them is also a bit of a hassle.