As you can tell by my writing I am not a financial wizard. 

And as this noted one shows, to those who think they will just swoop in and pick up an "easy buy", just write a check and it will be a simple take-over, think again.

Otherwise many many many agents spend a lot of time and effort finding property and writing contracts only to find that the funds can't be transferred, or they don't have immediate access to the funds, or they need some kind of approval from 3-4-5th parties, or there are exchange restrictions, or 9000 other excuses.You probably need to find them a commercial broker who can handle whatever kind of investment they want to make. 

1) You would just write an addendum stating that the lease is extended to whatever date and everything else remains the same.

This way, you can still enjoy the advantages of real estate investing while maintaining your current lifestyle and commitments.

Make sure everything is in writing.

If your ponder writing reflect significantly better cash flow than the 50% rule, be sure you can explain the discrepancy.good luck 

The handle writing the new deed and transferring as well for like $400 or something.

You would just take over payments on her existing mortgage.Another option is you write the contract for the $215K that Zillow estimates and you tell your bank that the $31K down payment is coming from a gift of equity.

We have a solid meetup in Provo I enjoy going to and have learned lots from.