In addition to the sage advice provided by others, I would add.... 

Mike, sage advice and thanks for sharing!

I think wood finishes are easier care than white and have better resale than sage or grey or another color--especially down the road.

The other rooms are pale yellow, sage, pale pink.

Again, thank you Jay for your sage advise.

I could pay whatever is needed to get any equity out she needs and then assume the mortgage at almost the midway mark of her loan and have an effective interest rate much lower than what we would have had through traditional financing since the interest to equity portion of the loan would be greatly in our favor.All that being said I've never done anything along these lines and wanted to put it out there to see if anyone has some sage advise for me on how to proceed.

Just trying to keep the facts straight for the unsuspecting forum readers coming here trying to get some sage advice......

Or pros/cons for anyone who wants to comment2)What numbers should I be looking for once I get a copy of the last 2 years of documents that show proof of rents.Thanks,Sage

However, that leaves me (the seller) with a very small bidding pool, (and if I'm right) I don't like small bidding pools as a seller.Nickerson is considered the sage of sound advice, but in today's world, how do you execute Step 1 with so many distressed properties out there?

Thanks for any sage advice!