I have multiple properties with equity and cashflow I am looking to put a 2nd private mortgage on and I would pay 10% Interest only payments per month. 

The situation is the father/seller was previously renting out the house to his son until he stopped payment according to seller around August 2021.

I can afford a substantial amount for the monthly payments on the house.

I have the lease and can make a spreadsheet for payment stuff.

It may be better to cut and run now (sell). 

And when we have recessions every 8 years historically speaking, guess which tenants bump down to cheaper rentals when they take a pay cut?

My monthly HH income is 16k USD after tax.After looking at multiple properties and calculating the overall net income it is quite difficult to come to a net positive cashflow (taking into account Mortgage payment, HOA, property taxes, insurance, rental taxes). 

We're considering a 30% down payment for DSCR mortgage.Do you think this is a good deal?

hey guys, just saw all the replies. unfortunately i did not refinance or do anything and im on a variable rate so my monthly payments have gone up almost 1400$. what do i do now with rates so high?

If you can gift that to your daughter she should be able to have a low enough monthly payment to afford a home, especially if she buys a duplex and rents out the other half.