She called me today and said that the city offered her $245,000 but they were going to take 60-90 days to close and they didn't want to wait that long because of her brother's desire to move down to be with his children before he dies, and they don't know how long he will last.

What you should know is that as leader of a professional team, they won’t be expecting you to write a check out to them if something goes wrong… They won’t be coming to get your children, your house, your dog, or your car… That’s what non-recourse loans are about.

She has two older children that live with her and both are ill (wheelchair bound, etc.).

If you don't, don't feel too bad because my 19 and 22 year old children haven't learned that either.

With small children, it would have taken time away from their lives, when they needed me most.

Then between those expenses, our mortgage, and daycare for 2 children, we save for our family vacations but our real estate savings had taken a back seat after baby 2.  

I proposed that he turn his portfolio into notes that I pay on (terms still in negotiation) and pass the notes onto his children so that they could receive monthly payments on a mortgage instead of a lump sum.

Unless you die and your children get them at a stepped up basis.  

The man worked hard to have an estate to divide among his two children.

Recently one of his wives children moved back home, so now there are 5 kids and 2 adults.I want to confirm I'm not in violation of any occupancy limits for the state of Indiana but I can't find any info searching the web.Any info or links would be great, I may even call the city also.