(I was also under the impression it was a couple and two children, since that point a mother of the female tenant has been revealed as living there). 

The assessor dropped the assessment from $159,900 to $120,000.The assessment for school taxes did increase slowly (to $135,000) over the 8 years that she owned it but the savings up here in NY were impressive.

Since it seems to differ to a conventional loan, and I understand it to be more of a "bulk" package of money...is the seller under the impression this is a cash offer?

I was under the impression that was not allowed.

The goal is to provide viewers an inside look on a real project and also be an educational resource for newbies like myself.

I think the offer came from a pre-listing viewer that has been mulling it a while. 

Hi Nicholas, I am incredibly impressed with your goal of being more "time wealthy" than simply wanting more dross in your life. 

Brian Leung at Holcomb & Leung: https://www.holcomblaw.com/ He consulted with me for a potential deal that I walked away from on his recommendation and was impressed with his knowledge. 

His presence in forum and reviews he received also gives me the impression that he is a trustworthy business partner.You can learn more about these people/companies by googling them or searching them in forum.

The inquiry was impressive when listing the property.