At this point, from a mortgage perspective, you've hit "nirvana" (or become a jedi master, or whatever metaphor you want to use), and you can quit your day job while continuing to apply for an receive additional mortgages. 

Here's a few things that helped me when I started out, although you have experience, it is nice to read others perspectives and ideas.  

And landlords have the keys to the place where you sleep, making screening landlords far more important, from a personal safety perspective, than screening tenants.You can do your background checks on people who actually apply.

You'll be doubling down.So, from a mathematical perspective, the correct answer is usually invest the difference.

Read Chapt 10 of Shift Talks about...

I may have been overcautious, but I know from a title insurance perspective I felt in better shape with a professional document releasing all claims from the prior owner than something I cooked up myself.Don't forget to play nice and be empathetic.

@kathy ReissmannFrom a purely pragmatic perspective you might consider the following points;Sounds like the cost of 12 months money to you is 20%, if so depending on your level of experience, it's not unrealistic in hard money terms.It's never a good idea to do business with family, but if needs must, you must and always make sure you have your paperwork in order and you are going to be able to meet your obligations.Always take a professional position when somebody tries to exploit you like this. if you still need the deal go back and negotiate with charm and a smile, business as usual and get the best possible deal for yourself.Best of luck with it!

So I experienced that one..So my assumption is that you have Note Wholesalers who have the ability to take down a big tape.. then they allow investors to cherry pick the notes IE the little investors or newbie investors that just want to buy one or two notes and from what I saw on some of the tapes I looked at the low value collateral loans sold for very low dollars ( west coast perspective) so an investor can buy a note for 5k or 20k or whatever and give it a go.That's the position I would want to be in.. buy the big tape and then just resell to mom and pop investors and let them go through all the work of reinstating or foreclosing.

Hopefully those two companies competing will create more value, at least in the perspective of the KW agent. 

I always try to help the agents I work with from the loan officer perspective of what an investor is hoping to realize from a purchase.