Do the surviving partners get that investors shares or do they have to deal with relatives that may be ignorant and/or greedy?

If the property sells for 190k 5 years later, the borrower still owes the $130k (and ignoring closing costs) the owner that sold the property would get to keep the different between the sales price and the liens on the property, so the $190k (sales price) and the $130k (lien on the property), which would be $60k net.

It was ignored by the previous owners and I have my landscape designer working out a plan to turn it into a fully enclosed private oasis perfect for a morning cup of coffee.

Now, not to say you couldn't do it anyways, there is laws against all kinds of things that people ignore every day, but doing it legally, no. 

As mentioned above you would just need a loan that would ignore any income requirements.  

Where would THEY live (any place they can afford, really).Take what you like about a property and ignore your own preferences about it as a residence.My $0.02 ...

And here is the thing, your speaking ONLY of NOI, the actual immediate cash-flow on rents, AND making an argument of rents NOT adjusting too inflation, which is nutz first off, regardless, it's completely ignoring the APPRECIATION of that property due to that little saint with horns called inflation (remember, purely evil capitalist vision here). 

(BP tends to ignore rural America lol).  

Become a deal provider, have high professionalism and know what you're talking about, that way you can't be ignored for your age.

Forgive my ignorance, I’m very green, but a couple questions on that:1) is there much of a rental market at those high of prices?