Contact the Federal Trade Commission and the Consumer Financial Protection Bureau. 

It’s an emergency filing that requires very little information and only stays the fc for a short period, most experienced trustee sale buyers are familiar with this technique.

You offer him $200k made up of the $50k land lot in trade subject to the existing $150k mortgage.  

My go to plumber moved recently so that didn't help so I am out looking for a good one before the next emergency. 

Yes, but the trade off is worth it.

I've been an entrepreneur for about 15 years now and since my first adventure as a entrepreneur was in a construction related trade, I consider myself very handy and somehow capable to deal with contractors.

It sounds like the ONLY benefit in this deal is the 0% carry-back and you are trading that for a reduced rental rate renting the property back to the family member.

I have been the Jack of all trades in the real estate industry.

I was never made aware that anyone had a family member pass and if anything I was always understanding to any type of family emergencies, power outtages, etc that happened on numerous occasions.

It's a jack of all trades here with little to no trade offs/cons when comparing apples to apples to other large STR markets.The key to success here though comes in the knowledge and execution.