Considering ditching the single family home for a multi-family that we can live in and rent out any additional space.

Sounds like what likely happened is the "seller" tried a last ditch effort to sell after the foreclosure process had already been brought almost all the way through to the sale date.

Just a couple points: On ditching your college education, I understand your issues with "institutional learning" as I studied for 26 years before finally finishing my "formal education".  

-378.7 per year...unless you can get more than 1100 rent (which you probably can if you have 4 bedrooms) you should ditch this puppy.Cheers

I have been hearing that technology will let everyone work from home my entire work career and that many people will ditch the city and work from a rural or exurban area. 

Either way, it's a good bet to ditch AOL.

We have ditched the mentor that got us into and that has drained our savings account.  

and with nothing more than a high school diploma he'll be digging ditches for the Chinese if things don't work out.  

I think you have 3 options to make your offer more attractive:1. start at 45K and add on the actual value of the work that has been done - I expect that would end up near 65K, but showing it may make them consider your offer more seriouslypurchase 45Kdemo -    0(can't live in a house with no kitchen)basement - 6K(this probably had to be done, but doesn't add 100% value)deck - 3K(it was likely expensive, but doesn't add 100% value)flooring - 5K(this may be too generous)bath - 3K(again maybe too generous)misc - 2K(supplies, paint - if there is enough for the whole house)2. if holding it as a rental is an option - offer a down payment and interest only financing - you could give her 73K over 5 years with 10K down on a 55K - 3% interest-only loan3. a last ditch effort, but point out that the "35K" loss is tax-deductible, that could be worth 10K+ if it can offset short-term capital gains, doing this deal now would give them time to cover a lot of taxes on a flip, if they want the money to try again

I would never sign anything without an address, I think u need to ditch your mentor and talk to us BP members.