The seller will receive the purchase price minus the payoff minus the sellers closing costs.

I am expected to receive a lump sum of monies soon and want to put some of it towards our first investment property or any real estate investment.

Does anyone have a document or notice that they have used before about reminding the tenant the end of the lease and stating that landlord/homeowner does not wish to continue or extend with a new lease?

You'll probably want to get the daughter to sign a power of attorney for the mother to sign all sales related documents.  

I'll have my wife "write" the letter as I think that will be better received, and specify that we're looking to move closer to a certain location, the school district, etc, as well as that we'd pay fair market value and can take on repairs, etc.Opinions? 

Also, if you have a lawyer draft up partnership documents for the first deal, next time you have a similar opportunity you already know what you're getting into and you already have a template for the legal docs.

... if Prop 10 Passes.I just received a No on Prop 10 flyer in the mail saying it has been certified for the Nov 6 ballot. 

How are you documenting results?

How is this news generally being received amongst the local community/your neighbors?

Also, all of these fees must be disclosed in the legal document  (PPM = private placement memorandum) shared with the investors that are signing up for the investment.If you'd like more clarification, feel free to PM me.Best of luck!