Make offers and follow your strict criteria.

To do a break even analysis like you're talking--strictly in terms of $$$ and negating the risk of having a note come due 24 months sooner--you simply run out the interest expense for each year over 7 years on both loans (include a refinance of the 5 year for an additional 2 years) and see where your cross the line. 

-ShawnServices Provided:Market and show vacant properties Negotiate and facilitate new lease agreementsEnsure vacancies are move in readyConduct inspectionsInitiate new tenant move in transitionCollect rentHandle customer service inquiries24/7/365 emergency maintenance calls and dispatching Receive and handle routine maintenance requestsResearch market data for appropriate market rent increases and renewalsHandle tenant disputesConduct move out inspections Reconcile and refund security deposits Monthly and year-end owner accounting File IRS form 1099’s on owner behalf Handle any accounts payable (utilities, taxes, insurance, etc) Coordinate capital improvement projectsFull unit turnover coordinatingTenant evictions Coordinate lawn care and snow removal Connect and disconnect tenant utilities Facilitate City of GF Certificate of Occupancy inspections Enforce late fees and tenant maintenance chargesFee Schedule:10% of gross monthly receipts.

My experience in the past has been strictly fix and flip buying from the auction and wholesalers, so being direct to the seller and helping them with their situation is new to me.

The laws and regulations especially here in the Florida Keys have become strict.

You may want to take a very close look to make sure Tenant is adhering strictly to the lease. for example if lease said no pets and they've got a dog....

If this is a routine process, it could be a game changer with some of the projections I'm running. 

I know that even if your lender has a strict due on sale clause, by law they CANNOT trigger acceleration/due on sale when a person transfers title/deed into a trust.

The fact that you could strictly do a podcast interviewing local investors within Houston would be huge for your knowledge building, relationship building in your area, and it would slowly build your reputation of an area expert. 

During the 6 weeks we were under pretty strict lock down, for the first time in years I had some time to just think and strategize.