I am trying to balance privacy and security in my 12 unit.

Buy the property subject to the note/mortgage they just got and have them carry back a 2nd mortgage for the balance owed.

It's a foreclosure and the listing price seems to be ~the remaining debt balance, but I imagine the bank would be willing to take less since it has been posted for so long.

Since answers will depend on investing strategy, let's just assume we're talking about single family houses (or even small multi) with a good balance of affordability, cash flow, and a reasonable chance for some appreciation over the mid to long term.

It provides a nice snapshot of the balance sheet.

In the case of a $1,000,000 at a 4% fixed rate 10 year term and 30 year amortization is the math that you figure your monthly payment and interest as if the loan term is 30 years, but there is a balloon payment in year 10 for the remaining principal balance?

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Even if you had zero experience, with only a 50% loan to acquisition costs and you covering all rehab, I would be in a very safe position, even if you screwed up.So, I would likely work it like this: You place your entire $125k into escrow, I place balance in to close.

You then collect information from the note holder such as the sale price, down payment, note amount, interest rate, term, date of first payment, number of payments made, number of payments remaining, current balance, property type, address, owner occupied or not?

Instead of providing liquidity to private and corporate borrowers as the central banks would like to see, banks have taken the opportunity to repair their balance sheets.