But good luck getting that with an outstanding balance of $170k on the mortgages.

Not only was it a cash cow, but the appreciation was outstanding.  

I agree with @Tara Piantanida-Kelly , you'll be very happy with Steve Pheterson,  I've used him for a number of closings with him,  he and his staff are outstanding. 

Get title insurance to protect from outstanding liens.

Having said that, if your numbers are correct, it looks like there's some good margin in there to absorb the downside if you and your partners have the capital and reserves to manage risk, and aren't betting the bank on it..2 things: Recent Trends and Where we are in the Price CycleThere is softening nationwide that's happening in the North Bay, and days on market are increasing and fewer offers on multiple offers than there used to be, even on the peninsula, from what I hear.

If you still don't know where to start, work your way through the podcasts and some of the outstanding blogs on here, mine included.

If there had been an outstanding balance, a name change might have been easier.

It's common knowledge that private sellers, landlords, estate heirs and investors use "boiler plate" type of documents on a daily basis, nationwide, to conduct real estate transactions.

I think you will find this to be an outstanding resource.

That's why I come here to post.I am open to nationwide market,  most of my established relationship around METRO Detroit area though.