How difficult do you think it would be for me to find a buyer that would agree to a long-term (1-2 year) lease back?  

I understand that this is more career related and is difficult to answer, one only I will be able to make.

:D  Yes, that is daylight you see in the wall.The project you are considering is more difficult than any of my earlier renovation houses, in which we replaced flooring, painted, updated landscaping and possibly replaced kitchen cabinets.  

@Lisa KattenhornSetting rents is a balancing act.Of course, if you are at or above market, raising rents may not make sense at all.Assuming you are below market, raising rents too fast will create vacancy which kills cash flow. 

For this you are offering not to saddle them with an eviction on their record which will make it very difficult for them to rent again.

Finding a property in Charlotte in that price range and being able to close in the correct timeframe may be difficult.

Majority of the owners are deceased, and skip tracing next responsible, (or even current forwarding address for any still alive) has been difficult.

He'd carry the balance on a promissory note. 6% with 30 year amortization.

I am quickly realizing it's difficult to find 1) properties which meet the 1% test, and 2) properties which cash flow positive from year 1 (unless we increase our down payment from 3.5% to something much higher).I would like to get two pieces of advice from the Bigger Pockets community in Massachusetts.

It's difficult enough to keep track of one's own immediate area.