Wouldn't the cash on cash ROI numbers still work out.

Buy at the right price, place the right tenants, all will work out over time.  

I really want to get into investing but am a little limited by a high market and not being able to move too far due to work. Out

If things work out, I will give the seller money towards this process (cash-for-keys, I give the cash but do not need to deal with the tenant).

This is how I personally work out deals in my head so I can analyze them quickly, but make sure you use a more practical formula noted below.Run rental comps for the specific 0.25 mile radius and subtract estimated CapEx (1% of property value/year), vacancy (5-10% of rent), insurance, property taxes, and any other costs that will realistically affect your cash flow. 

Each time they have countered and more often than not we were able to work out a price.It seems in estates best interest to allow this process to play out.

We were actually in contract to buy a 14,000 square-foot space for our real estate group is kind of like a base camp to all get together and work out of when all of this hit.Shoot me a message and we can jump on a call if you would like

We have managed to work out every situation positively and without having to remove ANYONE.   

Have you ever worked under an agreement similar to this, and if so, how did it work out?

I typically try to work with people who have strong ties to people I know and trust, doesn't always work out, but that is a part of the process of network and team building.