My Seller can't come to closing

[Patricia Mclean]

Hi Ron I have a seller who wants me to take over her payments. She owes around 94K and payments of $962. The house is occupied and tenant has been there for 5 yrs. She charges 850 in rent. The value is between 98 and 120. Payments are current. She has made improvements and I believe that I can' raise the rent to at least 1k with a lease w/option if the tenant does not want to stay and pay the increase in rent. The seller is ill with a chronic condition  and cannot travel to sign any documents so I'm a little stuck. Do you think I should fed ex the docs to her to sign or travel to Florida? Also, what docs should I send if I fed ex them? I'm in GA and she is in Fl a 4 hour drive. She said she is willing to deed me the property and I am not sure what kind of agreements should be signed.  Seeing that she just wants me to take over everything, do I even need her to sign a purchase and sale agreement at all and use a attorney because she can't travel. I just want to make sure I do this right. Georgia is an attorney state so I would have to close here but, seeing that she lives in Florida I'm not too sure how to handle it.

[Curt Davis]

Why would you take over a home with a monthly payment of $962 when the current rent is $850?  Even if you increased it to $1,000 you are not leaving any room for when you have maintenance issues.   Unless I am missing something, there is not a deal here and I would walk. 

Good luck