Me personally, I would lean toward assuming the additional risk for the potential reward associated with REI when weighed against using excess cash to pay off student loans at what I presume are relatively low rates, especially when adjusted for tax deductions (if you receive the deduction for student loan interest anyway). 

I even had an appraiser once note in a report the sellers purchase price two years prior and the excessive profit sought in the asking price.

Any Rent or other economic consideration realized by Tenant under any sublease and assignment, in excess of the Rent payable hereunder and reasonable subletting and assignment costs, shall be divided and paid seventy-five percent (75%) to Landlord and twenty-five percent (25%) to Tenant.

and select the one with the best reputation with a reasonable price (not always the lowest).Rather than spend your capital, consider to do a HELOC or cash-out refinance to fund your rehab and put any excess plus your own capital into additional properties if you want to do more of this.

The language and limitations very from "no resale within 60 days" to "no resale in excess of 120% of purchase price within 120 days" or similar restrictions. 

After a property held as collateral is sold, the lender is not entitled to excess proceeds and a private note holder needs to only to show the price was reasonable for the market, individuals may not be required to list or auction collateral.

You can use excess cash flow from rent to pay down mortgage after you pay off credit cards.

His motivation doesn't seem to warrant the acceptance an excessively low offer.....which is why I brought up the topic of motivation, but we will know for sure come this weekend.Seller financing seems to be an advanced tactic, and I would truly prefer to get my feet wet with a cash offer.

What if you do an excessively great job and spend a lot of money unnecessarily?

. :)Having said that, even if she were the successful bidder at 220K, you can bet every single one of the 130K she 'saves' they will file for a deficiency judgement FAR in excess of the 130K.