Most times with balloon payments, the lender expects you to refinance into something longer term or pay the balance off in full (common with house flippers for example) 

FWIW I open things up commonly on flips.

What is your overall goal/plan for this property?

My goal and dream is to retire my parents before they turn 70 (in 7 years) so they don't have to work ever again.

It might be beneficial to seek advice from experienced investors or explore alternative financing options to strike a balance that aligns with your goals and financial interests.

But if your goal is to cash-flow out of the gate and your market can't support that strategy (unless you find a killer deal), then you may consider a pivot. 

Great post, I also have this as a lifestyle goal but adjusted it. 

If no one speaks up as having any experience, and you are looking to invest, you can ask him for his track record of ALL deals, with basic performance numbers (ROI, MOIC, IRR, AAR etc.) for both LP and deal level, and the original pro-forma goals per each; including unsold items.

., I would say this all has to do with your bandwidth, network size, goal of those interactions, and personal style.Of course you can pick up a phone and call people.  

Once you're ready, create a goal (e.g.