It comes with the proper licenses and permits from the city, so it’s fully ready to go.I’m looking for a person or business with the financial means to sign a lease and begin operating a dental practice here.

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

Keep in mind that when wanting to do this with a mortgage banks first want to see substance and at least one yearly balance statement.

If I wasn't certain her story tracked, I would ask for documentation of her 401k balance and her application to withdraw money.

Many likely have coverage for their mortgage balance or from many years ago.

AND there aren't many note buyers who will buy notes with large balances in the range you mention. 

You certainly want to vet your property manager to ensure they are focused on balancing asset protection with tenant satisfaction.

Would the 9-year balloon concern you, knowing you'd need to refinance or pay off the balance at potentially higher market rates in the future?

This deal proved to be the perfect balance of financial gain and personal enjoyment.

It seems every market goes through a cycle -- unnoticed potential; early titillation as the potential becomes known; flood gates open and gold rush is on; property prices rise, revenues drop, regulations come in; and finally balance is found.