BiggerPockets

First, you left out quite a few important details like your pay-off for both loans on both properties, the respective interest rates of both 1st loans, and your buyer's offer prices for both properties.

Second, have you considered what the difference is between you doing a wrap individually for both properties and wrapping both both properties with a blanket? I can picture several scenarios where the tenant(s) in one of them stops paying rent (for whatever reason), and that causes your buyer to default. If you'd need to foreclose, would you prefer to take back 1 or 2 properties?

Third, if a buyer wanted to put down anything less than 10%, then we'd be talking about LOs/LCs instead of wraps.

Fourth, unless you intend to hold financing for roughly 20-30 years, then I hope that your properties will appraise for at least the total of both offer prices. Otherwise, your buyer will find it quite difficult to refinance to cash you out later.

Finally, in case you missed it, I told you--a few different ways--to consider your exit strategy/strategies before you enter this deal.