Or everyone's favorite: "expand your cap rate 10bps every year you plan on owning".  

Renegotiate the debt is going to be tough because of plans they have for the cash.

Side note I am planning on investing in Texas or NC but I don't live there currently.Thanks in advance

I plan on keeping this house as a buy and hold as well as buying several more properties in the future. 

Lower down payment requirements but you have to live in the property for a year, no big deal if you plan on house hacking for FHA.

They may have suggestions or a plan on when to contact the State.

What I'd do is Airbnb it the popular months from late spring to early fall and then plan to get a medium-term renter in there for the remaining four months. 

It has extra land where we plan add another 1-3 rental units.

We plan to fix up each unit as they open up and raise rents to market.

It's possible for certain sellers to fund the sale of a home, so you can buy real estate without depending entirely on conventional financing.It's critical to get advice from real estate agents, financial advisors, and other specialists before making any decisions in order to customize a plan that fits your risk tolerance and financial objectives.