What happens after that will depends on which of you has more reachable assets or, in case neither of you do, the bankruptcy law.  

Assume 8% mortgage rate and 30-year term.

Usually the interest rate and points are a little higher up front than a traditional lender but it's a good alternative to bringing on a partner.

What has been the vacancy rate?

The rental market in Central Indiana is officially on fire.After a slow November/December, January began with a bang and continued into February.We're leasing at an impressive rate right now, which is great news for both our Leasing Team and our Owners.If your home is sitting and not getting activity, it's time to reconsider things... price being the most powerful lever to pull.

Depends on who is buying.

It depends on where you live, but the places I have, the water bill is tied to the house vs electric or cable which is tied to the tenant-so if the tenant doesn't pay the electric bill, they have problems when they move and try to get it at their next place.What I do for my places in BC is pay the water bill directly and then send my tenants the bill.

Above 5+ units is possible but more challenging and rates are where you would expect them..50-65%LTV will be common for higher plex units, a common workarounds is if they have a US based family member or business partner with an LLC..Some investors or lenders have specific countries of origin that are restricted or even prohibited, check with your mortgage professional. 

The CMA is right on the sale price - My payments to the seller includes a 25 year amoritization rate, so my monthly "mortgage" to the seller(300k with interest) is greater than their current mortgage. (200k with the same interest rate)- Going the regular financing route (25% down) is not desirable since I would need to dip into my primary residence HELOC for the downpayment.

Rental rates will likely remain close to their “sticky” highs, especially after the recent corrections seen in quasi-oversupplied markets and consumers will have to pull back elsewhere.Excluding shelter, core inflation has actually been at 2% for some time now.