I have an eye for design as well as the ability to make it reality.

What are your thoughts about putting your real estate experience on your resume (Renovating properties, managing tenants, good book keeping abilities, etc). 

Low acquisition cost, good long term tenants, cash flows positively, under market rent with ability to increase cash flow.

It's just paying a bill like any other. 

They need to disclose the fact that they are a wholesaler and middleman with no intention or ability to buy the property.

If you have such a default clause, you may have some ability to fine the tenant, and then add rules for animals from that point on.Perhaps the current contract needs to be closed.

If you want the property to be appraised according to its ability to produce income, they might decide to use their regular criteria for income-producing properties. 

Us taking over will solve her financial situation as well as give her the ability to start fresh. 

Will it hurt my ability to obtain financing significantly?

We never planned on flipping, but it's difficult to ignore the opportunity, especially since it would be just about all tax free cash.Anyway, the other option is a equity loan to buy some investment property, which I may try, but we are purchasing some commercial property for our business and I think this large comm property loan will drastically affect our debt/income ratio and our ability to take an equity loan on our house.