Holding a Wholesale deal for 5 years ?

[Bob Baldwin]

I don't post much here but needless to say I have learned a lot here . Been Flipping and Fixing ONLY about 45 years !! Not really looking to do more deals ,Happy with where my family and I are at in life . 

Here is the deal : My family and sellers heir have known each other about the same length of time .. Mother and Father are both now deceased . Daughter lives in Nor Cal she called me up with this offer : The house is appraised at $129,000.00 All she wants out of it is 50 K . However since she has 5 years until retirement this is what she is asking 25k when we agree to the deal .The house needs Furnace , Hot water heater , interior and exterior Painting ,additional insulation in the attic .septic tank pumped out . New carpeting .I am quite sure 30-35 K will cover it all 

However she is willing to pay for 50% of cost If I agree to advance her 25 K which will be credited to her NET NET 50K  So in 5 years her Net Net Check would be reduced to 25 K

Why the hold for 5 years ? She want to have the work done and rent it out for $775 per month which is the going rate for SFH in this area . She is also willing to go 60 Her / 40 Me % splitting the monthly Rent . She also wants me to Manage the property for her !!

She came to town for the mothers funeral ,Gathered up Important documents and took them to her familys attorney for probate purposes .in this town . She claims she has no reason to come back here saying Throw out or Donate anything left in the house 

I have tried making all kinds of offers to her reguarding an outright purchase but she claims she wants the income for 5 years to make the deal fly .

Like I posted I don't NEED to do the deal and quite honestly after 5 years what ever Net Net Proceeds come my way is going to the Grandkids trust fund anyhow  As long as her and my attorneys are on the same page I am Ok with it 

Any Idea on How you would structure this deal ? I am only doing 2-3 deals a year now enjoying my retirement . But still like to stay active when the mood strikes me ..