Expense-wise my mortgage payment runs $55K/yr and PITI runs about $15K/yr for an obligation of $70K.Which of these scenarios is correct as it pertains to the DTIR on this property?

.$38,000 balloon payment due very soon.He can't get the financing and is considering walking away.

I've thought about having her pay cash for them and I pay her like a conventional mortgage or making the down payment and having me just pay off her down payment with interest. 

Starting with a commercial property (5+ units) will be pretty tough.Factor in you'll need 35% down payment in addition to a ton of other closing costs.

There is an absolute wealth of information and it's exciting to be able to learn from so many people.But as for myself, my wife and I are just getting started in Real Estate by having a deal with a family member where the down payment and closing costs are covered for us, and we'll be house hacking to help cover the costs.

The bank accepted $2,500 as payment in full.

@Paul Bryzek Before you start looking, you 1st need to be sure that you have the funds to meet the 3.5% down payment.

Being a bank loan, we will not have a pre-payment penalty if we decide to sell before the loan is due.  

We just evicted a tenant for non-payment of rent last month.

It didn't say returned check, it says stop payment.