I would like to hear some feedback and advice on how we should proceed.  

Interested for finance or invest in any of the following:*Real Estate*Resorts*Restaurants and Food Courts*Schools Science research*Shipping Cruises & Shopping Malls* Manufacturing firms*Sports Facilities*Constructions firm*Resorts & TourismDo communicate me via email only with attached projects summary/business plan.

Proceed with caution.

Give them the proceeds, continue to have them pay their mortgage from the rent proceeds.Hopefully they will live a good, long life and this situation continues for many years.However, when the inevitable happens, the house will be disposed of according to their will.  

As a wholesaler, is there any way for me to make this deal happen and do you have any suggestions on how I should proceed, this is NEW territory for me.

As a wholesaler, is there any way for me to make this deal happen and do you have any suggestions on how I should proceed, this is NEW territory for me.

Am I wasting my time going to the court house, searching public records?

If you get no bites then you do not proceed forward with the purchase.  

have them take you to court and provide a written contract.

If so, then yes,  you will have a tax-free gain (up to $250k single, $500k married) if you were there more than 24 months.1031 exchange proceeds are to purchase like-kind investment property.