Hey Anthony, yeah just some additional details. 

In addition to that, the septic tank is undersized for the size of the home.

So, if you put in 20K, you could set the bid up to the amount of the 100K total debt(80K existing + 20K additional) to ensure that the property reverts to you as the lender.

Additionally, confirm the transfer won’t lead to property reassessment, which could increase taxes.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

These are professionals with additional training and a stricter code of ethics.

Am I getting greedy to ask for an additional seller credit at closing to help offset some of repairs needed?

Additionally, I would suggest you run some financial calculations such as cash on cash return as well as any appreciation from the asset if/when you sell.

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.

These are professionals with additional training and a stricter code of ethics.