Also, I believe they own this property out-right, no loans, etc.I'd like to structure a deal where they provide seller's financing with a 2-3 year off-load timeline that gives them a) some cash now via a down payment and b) some regular monthly income all while I work to bring rents to market value and we both benefit on the sale and refi.How would something like that work and what would it look like?

Doesn't mean its a necessity to have it formed here but it is a fairly straight-forward process. 

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Look for a solid house that's in need of nothing more than updating.Major structural, utilities and foundation repairs might be a big bite for your first one. 

Has anyone dealt with a similar situation?

But if you are thinking of offering as a buyer then we typically go with 10% down 10-Yr term at 5% interest.  

For example, a person can go to  a 10 —-13 week school for dental assistant… finish the course get a certificate and have an immediate job making somewhere around 43k plus.. yeah I know it’s not a ton of money, but it’s a good base especially for folks that don’t want to go to college.

@Sarah Hadassah Negrón so you get a money judgment.Now you have to turn that into a garnishment action with the courts.To do that, you typcially need to have the tenant personally served - which means finding them or hiring a skip-tracer to do so.Then, what are you going to garnish?

Or perhaps they’re searching for peace of mind with a team they can trust to handle every aspect of their property?

Out of curiosity is there a reason you do not wish to repeat the process with a new purchase?