Just make sure it cash flows ok with both of the payments. 

., and then hopefully the conversation can flow into this alternative way you can help them.

(By the way, We can use private money, but the cash flow takes a big hit.

I just sold one of them, a long-term rental that wasn't cash flowing much, and now I'm doing a 1031 into 1-3 more rentals.

I can get some amazing deals with that money that cash flows NOW, not when I am pruned up sitting in a lift chair. 

The bigger question is how much do you have in reserves to cover yourself should you find yourself in a downturn - which leads to another critical question regarding cash flow.  

I know how these things go.So think about it  fully rehabbed 40k home.. that home has to be bought for 5 to 10k  because if you want a home that is rehabbed it needs at least 15 to 25k of work done to it .. so it does not eat you up in cap ex.. so lets say the company wants to make 10k  ( pretty common for house flippers) so the most they can be in the home is 30k  so you are buying the lowest of the low at wholesale values the worse of the worse areas.. and on the face these do not equate into long term steady cash flow vehicles. they just don't  they only are sold to those to new or naive to understand this won't work long term....

There have been delays and stories that don't come true and lower cash flow than expected etc etc etc.

My goal is to refinance, get all of my initial investment back and cash flow $300+/month.

You get potential cash flow, tax shelter and appreciation.