Any "equity" held in the property would first go toward paying off your note balance (as you would expect).

Quote from @Zach Howard: Quote from @Stuart Udis: @Zach Howard  I am not against education whether it be through a book, these forums, coaching or mentorship but you can't teach a balance sheet.

I would not count on that 10-12 month figure.With that in mind, if you want to buy it, you can buy it now, pay off the taxes, and they can owner finance the balance of the purchase price. 

Biggest difference is that the hot tub will require regular visits for cleaning and chemical balancing, probably weekly during season plus the cost of chemicals.

If payments are missed for a period of 2 months or if we are unable to payout the remaining balance at the end of the balloon term the property is to be quit-claim deeded back to your seller without them having to foreclose on us, keeping our down payment and monthly payments along with any renovations made to the property.

That kind of insight can have a big impact, especially in a market that’s balancing out.2.

My parents were able to pay off their loan balance with my payment to them. 

Instead of having 4–5 separate conventional or DSCR loans, you'd have one lender, one payment, and one set of terms covering them all.Advantages:Simplified Management: One payment, one servicer, one maturity date—streamlines your bookkeeping.Potentially Better Terms: Some lenders may offer more competitive rates, especially for larger balances ($500K+), since you're giving them more collateral.Equity Leveraging: You might be able to tap into the combined equity of the properties for cash-out or future purchases.Higher Loan Amounts: Works well if individual properties might not qualify alone due to lower cash flow or appraised value.Things to Watch Out For:All Properties Tied Together: If one underperforms or has an issue, it can affect your whole loan—harder to sell off one property without the lender's blessing (unless the loan includes a release clause).Fewer Lender Options: Not all banks or credit unions do blanket loans.

The following numbers have been rounded to make math a little easier hopefully:Loan 1 (FHA) balance: $210,000Loan 2 (HELOC) balance: $50,000Property is conservatively worth $360,000Rent would conservatively bring $2100/monthMy question:Would it be possible to get a DSCR refinance loan to pay off the two existing loans?

Are the rates lower on Freddie small balance loans?