To me this is a signal we are nearing the top and owners are getting out before 1. 

After the title work is done, they'll want to schedule the date for all parties to go in to sign all the paperwork (this will most likely than not be on the date that you and your seller agreed on the purchase contract, or it could be before if all parties are okay with it). 

You'll probably want to get the daughter to sign a power of attorney for the mother to sign all sales related documents.  

@Jenson Buttwerworth & @John WarrenWhat John describes is called equity stripping and can be done through various ways - one is getting a LOC, another is having an LLC you own "lend" to you...the end result you end up with a lien on the property showing a lien holder with a note/mortgage for the X amount, thus signaling less equity available in the property, but not necessary with the actual debt (as long you don't draw from the LOC).But then again, that is a question of risk threshold and asset protection (and a reason to move them into an LLC), not an answer to leveraged or unleveraged question.

@Otis Sanders Reach out to @Mark Byers at Signal Rents.

This is the kind of thing that signals a market top. 

I'm aware that 4 months is probably not enough time to signal consistent rental revenue for a potential investor to justify a multiplier, however I still wanted to evaluate the possibility and seeing if I could sell it.  

For example I see a couple of houses in my hometown Dyersburg, Tn that are up for sale which to me signals some kind of motivation to sell.

Thankfully, he did not take that as a signal to raise my rent!

A little about me, I'm 29 years old, a former Marine(Sergeant, Linguist and Signals Analyst), currently live in NYC but consider Pittsburgh, PA home.