Your path, and end-goal, don't make sense to me. 

I haven't applied for a loan in years, but from my experience of buying properties of people who had a balloon payment, and who ended up losing the house because they couldn't pay the balloon when due, I see balloon payments as a "trick" to wind up with the house.

Quote from @Peter Christensen: @JD Martin - I've been thinking that I will end up just having to deduct from their deposit, but I'm afraid if this goes on long enough the bill will get so big it might be larger than the deposit.They've actually been great tenants otherwise so far, so I just signed them for another year recently because they told me that they finally paid this bill. 

We all work really hard to obtain assets, and I don't about you, but structuring your investments now can pay off in the end.

There are other, more ambitious, risky, and difficult, ways you could achieve the same end goal.

Raising capital is the primary business, operating running businesses/real estate into the ground is the end result.

I assumed due to the bank in KS not willing to use real estate in OK as collateral due to risk management of 'hey we are in KS if the note doesn't get paid, we can't foreclose on a property in OK'.Is this true?

What do I do asked 150,000 BP users who do not read other forum posts.

Turn key is good rents are usually at the higher end bit not always while TLC properties offer a better ARV so you can repair/renovate and in as little as 6 month do a cash out refinance and pull cash out, lower rate or both.

What has been your experience with midterm rentals in DFW?