Play the game right and you will be ok.

Account Closed  You hit the nail on the head when you said the deal is done and you own the property; all you can do is play the hand you're dealt.You've made some mistakes and hopefully they don't ruin the deal.

A seller carried note, in this case, is an opportunity for her to supplement her retirement income.I'm going to sandbox here, obviously it's unlikely you will do exactly this, but it's a starting place:If you want to play the long game, and are yourself young enough to do so, you could pair the seller carried note with peppercorn rent specified in a lease of $1/mo that lasts until she dies.

You’ll might as well play the lottery.

I agree with your assessment and that's why I backed out but a couple of other factors were in play.- The location is excellent, very in demand- When the market was hot someone paid over $1 million for this property- I had already negotiated the price down substantially before the inspections but don't want to go into specifics- It's a bank owned foreclosureMy reason for posting this though was more to ask about strategies for older properties that need lots of work.I had considered things like moving everyone out of 1 floor and redoing everything a floor at a time.For the heating issues I was looking at solutions like submetering or individual electric units where the tenants would pay for their on heat.And I'm looking at a similar but smaller property now so was interested on any strategies like this anyone had done successfully.

Your not looking for a spouse here - your looking for a realtor - monogamy is not required - play the field.

I would like to put my units in PA in a LLC so I can play the LLC in a revocable trust.

This is where the second contract comes into play.  The

Furthermore, these tenants seem really shaky and what I can foresee is that they will have these same behaviors when it's time to pay rent in the future and then they will play the same game with you so I wouldn't even move forward with them to be really honest.

Buy the cash flow quadrant game and play the heck out of it with her.