Have you contacted: area nursing homes / hospice - the prevy owner could be a resident  area funeral homes / cremation service - that may have records where the owner had implied a next of kin idkI'm not suggesting that you spend thousands tracking down the person.

A cap rate of 13.46% implies net operating income of $36,342.  

The seller is obviously implying that if he wasn't needing to cash-out in a hurry, that the selling price would be significantly more!

[No recommendation implied]...

Often if a seller states that they only want "cash offers", then that usually (but not always) implies that they anticipate that there "could" be some potential issue with a financing of the property.  

I understand this implies a lot of trust in the realtor and the management company.

With that said, this isn't to imply that people won't pay a little more for nicer amenities and such, but that variance is small (a few % swing). 

If you could pull down 10% from hard money loans that would imply you could have a SWR of more like 6-7%, which would put the assets needed at around $1.7M - $2M with a $10k/month goal.  

So, while the marketing copywriter did imply some technical basis for the processing time problem, they didn't actually claim the solution to it was technical in nature, that was just something I inaccurately inferred. 

Waiver: No waiver or default of any of this agreement by any party shall be implied from any omission of such party to take action against the defaulting party.