The reason being there is not really a "margin of safety" of only $40,000.   

Second to trusting the person, another huge reason I do it is because first timers typically take far less out of the deal than an experienced person would. 

What are some ideas for tapping into that -- which would include reasonable terms (not interested in hard money, e.g.)?

Any reason in particular?

Main reason he reached out to me to sell the property was because HomeUnion was exiting the property management business.

Reason I am asking is because I am looking at one right now and I want to ask for the correct information that an investor would want before I try and wholesale it. 

I'm trying to balance reasonable/ fair rent prices and give them a little bit of a friend discount.

I'm very hesitant to get rid of the house for numerous reasons that I stated in my last reply but also that rate. 

The only reason we asked for time to do an inspection was due to a strong recommendation from a realtor in my moms office (she's my agent and this is her first deal as well), based on the fact that the seller flat out said due diligence doesn't apply.

The reasons you wait are: you get amazing tax breaks (deductions and depreciation) while you ownthe tenant pays the mortgage for youwhen it is free and clear, you have passive income coming in for lifeIf you flip it, you get $20,000.