They represent you.A quick call to a local real estate attorney may be helpful.

A HELOC is certainly an option if you could pay it off rather quickly or else you'll end up paying a whole lot in interest layer one. 

But when it's equity gains, no tax, only at time of sale and if you 1031 Uncle Sam let's you continue to use that tax-$ for investing purposes.

It's a ticking time bomb. 

The front end can sometimes be tedious to get approved by the local housing authority, but rent payments are always timely.

If I can make a suggestion...Yes with 3 points you might be able to get into the 6's - but let me give a quick example:Let's say loan amount is $250k and making some other assumptions, paying 3 points down would cost $7,500 however that might only save $195/mo. 

As discussed the property at the time of closing was occupied.

I know you mentioned taking time to relax, do you plan to further scale or do something different outside real estate?

I was able to figure out that they had come upon some hard times and were significantly low on cash.

The agent puts a lot of time into finding and showing you potential properties.