I should probably provide some additional insight:1.

Previously I had my head in a different direction and now I would like to start learning how to do these activities to provide a better life for my wife and daughter.

I did that for 5 years straight while picking up an occasional extra strictly rental property. 

Thank you for your assistance in this difficult time.Best regards, Marco & Christine PadillaIt would be helpful if you could provide some details.

I reached out to my attorney to contact the previous owner to provide them.

If you sell, you'd just pay off whatever balance was owed at the time of the sale, the same way you would with conventional financing.If it cash flows for you while providing income for him, I think it's a win/win. 

You will also provide your "client" with a statement that shows the rental income the property received along with the associated expenses you paid before sweeping the money over.The Operating account of the Mgmt fee now has Property Management Revenue. 

They are a nationwide furnished apartment provider. 

You may find that it provides that her coverage continues so long as she holds an interest in the property, including holding a purchase money mortgage securing a portion of the purchase price of her sale to a third party so a new lender's policy may not be needed. 

Would you be able to provide what you use in another form.