You state, "your lender" - I admire the loyalty but also would recommend you get a minimum of 3 quotes (at least two from mortgage brokers).

I then blow their mind when I say yes if your client approves a land contract then I’m pre-approved, the point I’m trying to get across is investors are a small group of ppl buying RE compared to the end users buying at regular circumstances, mortgage, escrow, inspection, etc….. so for me to be efficient and do my business fast, easy, relaxing I became a realtor myself, it’s still Hard cause I have 2 or 3 realtors a week that only sell million dollar houses and ended up helping a friend sell a low priced rental area home and fumble at ever process or question I throw at them. 

Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.  

My parents had to stop paying the mortgage and I could feel the stress radiating through the home every time I visited.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

Quote from @Kaushik Sarkar: I’m exploring strategies to scale my real estate portfolio given the current mortgage rate Not sure much makes sense at 11%...Ouch....tough enough at 7.5%   Might have to put more than 20% down to finance....maybe 30% in North Texas.   

I frequently see where one party is awarded the property and debt and is mandated to sell or refinance it within a certain timeframe to have the other party removed from the note/mortgage.

and the property had a private dwelling value appraisal much higher than the public property appraiser claims. 

@Mary Parsek you are pretty close with this forum but I would suggest posting this in the "Mortgage Notes" forums.  

In my area conveted garages are highly desirable by buyers because they know it can pay for more than half their mortgage.