The one thing you don't want to have to do is drag someone around with dead weight and them absolutely hate everything about RE, and it sounds like your spouse is at the beginning stages of RE!

Which makes the profitability of the house much less than what I thought it would be when I bought it.Cost to improve sound proofing and separate air ducting would be quite large, given BayArea contractors' costs.

I am using my newfound access to the MLS as a tool to source good deals and make educated and sound investment decisions.

Doesn't sound like you find it a drag nor have anything else that you need to be doing.Maybe my ignorance, but not sure what you mean by "...to streamlined expenses going out." 

Originally posted by @Ian Ippolito:Kevin, sounds like you are a bit under the gun and have already initiated your exchange.

Does this sound like a decent plan?

Make sure that you have an inspection period of a couple of weeks to get contractors, inspectors for roof, foundations, electrical, plumbing, etc to make sure it is not needing too many repairs.From what you have said, it sounds pretty good.

It sounds corny AH if not outright scammy you know like? 

Sounds like a good problem to have!

In addition, owner loaned us $100,000 at 6% simple interest for one year to make major repairs (installed heat pumps, replaced boiler (for heating water only), replaced some siding and major roof repairs.)We were very clear with each other what we each wanted out of the deal.