My Landlords are motivated sellers

[Sam Wilson]

I have an odd question:  I'm currently renting a property in Charleston, SC from some friends who have moved to Washington State (I'm the tenant).  Unfortunately, they are going through a rough divorce and need to get this property sold.  They asked about me assuming the loan, but I don't know that I qualify. I'd love to use my resources to find them a solution, but I'm new to investing and don't know what options would be appropriate for this situation.  If I were not the renter, I would approach it from either a wholesale or perhaps a subject-to deal if there isn't enough equity.   Would it be weird/unethical to try and find a buy/hold investor to wholesale it to with me being the built-in renter?  Is that a conflict of interest given my relationship to the owners?

It sold in '08 for $159 which is about equal to the current comps. I'm waiting to hear back what kind of equity is in the place, but I doubt it is significant.  Any ideas on how to proceed?    

[Chris K.]

I don't see the problem with you attempting to wholesale with you living there and knowing the sellers. You'd be doing them a favor by helping them get rid of it. It's completely up to whoever would be buying the house to determine if you still living there would be a confilct of interest. If I were a potential buyer I would just prequalify you before I bought to see if you were a good fit.