Determine the price that attracts the investor, stop the bleeding and and move on.

Your depreciable basis is determined by your purchase price and expenses, not the seller’s loan balance.

Since we have been moving to the larger commercial senior living community properties, she is directing the transition to our systems and evaluating their leadership to determine if they will fit well with us. 

Financing is important but your realtor will absolutely be the determining factor whether you purchase correctly or not. 

You will need to determine the level you participate in your investment as well it makes a big difference. 

The next objective after locating a target market, would be to determine if your primary goal is appreciation, cash flow or a little bit of both.

Depending on those estimates, the buyer can determine if it worth pursuing (I suspect it will be worth pursuing).Good luck

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

Then you can determine if you made a profit, loss or broke even.Determining your sales price can only be determined by the market. 

That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage.