Better yet, the sellers want to make a deal...you have the leverage now, be tactful and execute.

I'd still have an attorney review it regardless to ensure your interests are protected and that the seller isn't being preyed upon with the wording therein.As an individual who has the authority to execute a legally binding document such as a purchase contract, I would never use a document that wasn't approved by the state or drafted by a lawyer in my state.

The distance of the park is not as much of an issue as is the overhaul that will be needed to rehab the homes and/or to execute infill of new homes.

@Farzan SetayeshNothing out of the ordinary, but I use the combination of the following consistently:- google photo for agent photo/video sharing- docusign for executing docs- acrobat X for all other doc edits- whatsapp for texts and phone calls- online money wiring or ACH for large items- paypal or venmo for smaller items- zelle or ACH for collecting rent- yelp or taskrabbit for misc repairs- lawnlove for landscaping or snow removal - skype for group meetings- Dropbox for online record storage- google voice for call forwarding - email for all tenant communications - autodraft for all utility & mortgage payments- online payments for all taxes & insurance - google earth to survey neighborhoods for out of town purchases - amazon or HD for online parts ordering The automation & streamlining of low value tasks enable me to preserve time for higher value activities.

We are executing a Value-Add strategy on this 19-acre property.

Add that to the possible $45k in profit an your CoCR would be almost 200%.If you numbers are correct, then I would grab this and execute the deal/strategy just as you planned. 

Another idea is to execute an addendum to the LLC operating agreement to lower Marilyn's membership percentage in the LLC and increase my and my spouse's percentage so our funds can stay in the LLC.

Do you really want thousands of dollars hinging on whether or not high up executives choose to expand in a certain city? 

Some elements to consider are:1) Do you have the capital necessary to execute the renovation plan?

Learn from others execute in your own.