You're working really hard to rationalize your profit.Again, the way to move forward is to run this by your broker - and maybe even by your local Realtor's board's legal counsel to be safe (assuming they'll answer that sort of thing - they may not)  If I were your broker (and I'm not), I'd want a very plainly worded letter, drafted by your attorney, signed and notarized by the Personal Representative of the estate and all of the heirs that the fair market value of the property is $100,000 and they are willing to accept $60,000 as a means of selling it quickly, and that they explicitly reject your recommendation of listing it on MLS for $80,000. 

but these guys wouldn't give me any info on the people, once I found out they were there. it's a long story, but I was so sick of trying to argue obvious things to a brick wall that I offered to let them use their last months rent for February with no notice. they wrote up the contract that night along with something saying the verbal agreement we made was binding, and included a signed copy of the witnesses statement.

I am considering plain lease and lease to own.

If I had to guess, I would say he's ready to retire, or is sick of being a land-lord.

But these are areas you can drop $100k on repairs the day after it was working perfectly, or you get sued when people get sick drinking your water. 

But I'm fully aware that with the right agent, the symbiotic relationship is just plain powerful.If you think I'm missing something, you're probably right so please let me know.

Also, I need the living area to be at least 7ft off the ground due to 100 year flood plain so thinking lower area would be for vehicles. 

You may also see a housing impact at the low end of the spectrum where the sick can't make their rent. 

The answer to your question is hidden in your question...in plain sight.Have you run the numbers out, over the next 10 years, using both options?

I just started going to this one: https://www.meetup.com/Central...They meet in Somerville, Newark, and Scotch Plains.