My experience with the tank was 20 yrs. it was not the case when I had concerns.

I'm planning to pay off the line in about 10 yrs, is it risky to have the payoff in that long period of time? 

Well, I wouldn't say never... you only have to stay in a place two years before moving on if you want to be a "serial owner occupant", so by my math that would be 14 yrs.

If she is financing and have filed BK within 7 yrs.

Let the note season for 1-1.5 yrs then sell the note for 40 cents on the dollar.

How your marketing shifted from when you initially started out to what it looks like now; the relationships you had to build intentionally and organically; major lessons learned in each of the strategy you utilized and where you see your business in the next 2~3 yrs.

You shouldn't have any trouble cash flowing on that with a $70,000 mortgage @30 yrs.

For example, 30 yrs fixed / 4% ;  we make mortgage monthly as regular mortgage payment but by the end of the year,  mortgage lender would kick back 1% of that year accumulated interested;  so it would be about 3% interest.  

6 HousesDate11/23/2016Purchase Price 216,000 Loan Am (Yrs)20Down Payment $ 43,200 Rate %0.0495Vacancy %8%Monthly Rent 3,350 Repair/Maint %10%Rehab Expense - Management %10%# Of Units6Taxes & Ins %15%Loan Amount 172,800 Projected 1st Year Income StmtMonthly Payment 1,136 Gross Rents 40,200 Cost Per Unit 36,000 Vacancy (3,216)Net Rents 36,984 Projected Cash FlowTaxes & Ins (6,030)Gross Rents 40,200 Repairs/Maint (4,020)Vacancy (3,216)Management (4,020)Net Rents 36,984 Interest (8,554)Taxes & Ins (6,030)Depreciation (7,855)Repairs/Maint (4,020)Taxable Income 6,506 Management (4,020)NOI 22,914 Cap Rate ValueDebt Service 13,628 12% 190,950 Excess(Defict) 9,286 10% 229,140 DSCR1.689% 254,600 ROI21%8% 286,425 

I lived in Orlando for 12 yrs in the 90s where the real estate climate was a tad different then.