The idea there would be, is it fair to the sons to burden them with a almost a full life cycle of the loan for a debt that grandpa as PR and Mortgagee had material knowledge of, failed to deal with but still may be entitled to some form of recovery?  

I want to break into investing in income properties, and build wealth over the next phase of my life.

So the real question you should be asking yourself is what do you want out of life?

Increasing your touches with every person in your business life cycle is never a bad idea.

Glue fittings is usually where PVC breaks (I was a plumber in another life).

I got a 15k lesson in that one this last year and two other BP members got even more expensive lessons with this one frequent BP poster  :)  I can laugh because 15k is not going to change my life.. but other investors this could be serious Its why I am in the 1% of  BP frequent posters ( and it could be far less than 1%) that think that paid training is one of the best ways to actually get going in this business as opposed to thinking you can listen to a few pod cast read a few blogs read BP until your eyes bug out and your all of a sudden going to be a successful RE investor...

I have talked to multiple lenders who will do a commercial loan with a 15-20 year life, no balloon.

It is entirely different from real estate, but I decided that my life wasn't the right fit for real estate (land lording) at this time.  

Hi I'm a young ambitious man whose really looking forward to changing my life with REI, I am very coachable and take instructions very well I want to learn all there is to know and would love all the help I can get.

Congrats on having the foresight to begin your investing at this season of your life!