Also do you have any info on him. i can dig up some info on him and then get an attorney to file a suit against him if oyu wanted to go that route. happy to assist in digging up info so you can give it to an attorney. note I am not an attorney but a note investor and good at finding stuff on the web

Any input on the appliances noted above would be appreciated.

Also, as others have noted the way you appear in a lenders eyes will change as soon as that $500k salary goes away.

As mentioned have an attorney or title company draft the note and mortgage.

Side note; if you google 46218 the only photo that shows up is a gross water damaged basement. 

@Felicia Richardson just a note for the future. 

One a side note, my mother's cousin bought several properties for 70k or so in California in the 1970s, it was a big deal then.

Note: This does not included evictions without a monetary claim.

With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment. 

As noted, commission are always negotiable as are brokerage options (full service to discount companies that pretty much just post it on the MLS and you work with all calls, offers, etc) and an agent can go over likely net out scenarios with you and give you an idea what you likely will be able to net after closing expenses and paying off the mortgage balance.