Within the first week, we got two, identical cash offers for $400k.

Both the sites I purchased property from were nearly identical in their process.  

But just letting you know I am in a nearly identical position.

@Joseph Dimaria Trusts are designed to conceal the identity of the beneficiary.  

And the units are identical.  

I have wanted to buy something in this neighborhood for a long time.I have networked with someone who is recommending setting this up as a rooming house, no leases but billed monthly (not weekly).Here's how it pencils out:Purchase price: $100,000 // +$5,000 for conventional mortgage closing(An identical duplex on the same street recently sold for $123,000)Initial renovations: $5,000Rent:$500 x 8 = $4,000/monthIncome - Coin Laundry:$200/monthTotal income:$4,200Monthly Expense Breakdown:Debt service: $800 (P/I/T/I)Management: $400Repairs: $400Capex savings: $400Gas: $150Electric: $150Water: $150Internet/Cable: $150Vacancy: $750 (planning on 1-2 rooms empty a month)Total monthly expense:TOTAL: $3,350Cash flow:TOTAL: $8,500QUESTIONS:1) Do these numbers seem conservative?

. - the word "conditional" ;)You establish the conditions under which the release is to be executed; one condition is that your new buyer and the seller enter into an agreement identical to that which was originally in place (except for the name of purchaser of course), another condition being the amount of compensation of course. 

FWIW:  The reason I'm interested in this unit is because I already own an identical unit in the same building. 

.$70,000 out of pocket v $12,250 out of pocket (let's pretend closing costs are identical, so only the down payment changes).What is the cost of keeping that $57,750 in your pocket? 

Most comps on the street are hovering around 200k, and this almost identical house recently went for 350k.