I have tried to fight this battle on the West coast and you can for sure landlock a property if  the person owned both properties and failed to give a together with easement when they sold one .the easement by necessity sounds like the play here and then its up to a trier of fact and maybe the other party wont want to spend legal fee's defending. ???

For my part, i let the hot summer day passs and call in for a moisture cleaning for 640sqft on surface between the roof and cost me about 2700$ but  that was the only major concerne for a  1970 bungalow.i would pull the plug depending at your lvl  of repair skill 

Id start with that...its either overpriced or there is some issue that other interested parties have found and decided to pass on.I personally don't like buying flips as investment properties......to many crap jobs, horrible workmanship etc etc....and the number rarely workI would run my numbers and contact the seller....see whats the situation

@Shmuel WaldmanI don’t buy much at sheriff sale, but from the times I go maybe 1 out of every 50 properties sell to third parties.

You can always sign a new one earlier if all parties agree.Once that lease expired, you don't "ask" the tenant to sign a new lease.

The money got tied up in several bad investments and some might just have been partied away.

Hi All,I'm a new real estate investor who's been trying to aggressively network with out of state parties (realtors, property managers, lendors, etc) for making a potential purchase.Due to distance, I'm worried out-of-state investors aren't always top of mind or receive pocket listings compared to local buyers or investors.

@Noel R.What you are discussing is kind of possible.You and your business are disqualified parties to your wife's retirement plan. 

Was there any interested parties or offers?

I don't know where in Texas you are closing this or the parties involved.