Buyer to pay $4000 toward commission at lease signing and seller to pay remaining commission plus seller HER feeSale price of $72,000… Lease payment to be $685 month.Lease payment to have principle reduction as if we had a note for $72,000 for 420 months @ 7.5%

Some important notes, Property 1's value has remained basically the same.

In our current market, most units would be leased within 30 days so the landlord would only get the security deposit and not be able to sue for the rents based on whatever number of months and years remain on the lease. 

For example, $400 (+83.33) the first month (remaining balance 19,600), then next month would be $392 (+83.33)(remaining balance 19,208), so on and so forth?

I want to pay off remaining balances on them and switch to conventional mortgage.

Once this happens, the remaining brother will be unable to stay in the property since expenses are too high. 

Once this happens, the remaining brother will be unable to stay in the property since expenses are too high.

If you don’t need the 40K back then you could still benefit from the 0% interest on the remaining 65k as long as you want to… 

My wife has about $50,000 in student loans remaining.

The tax remains deferred until you sell.