I'd wait until December CPI to get a better idea of what inflation is doing and ultimately how the FED will react.

I'd also look at what a start home is now vs 20 or 30 years ago (or longer). 

I'd stick to midtown, montrose, museum district, etc.  

I'd like to introduce you to a simple rule for your initial "Is this a good deal?"

First of all, I'd think they would just take the property back so long as the value was equal to or greater than the loan amount.. 

Additionally, I have a partner who's a Financial Advisor and would also be involved in this venture.If anyone knows of any promising businesses in this space, I'd greatly appreciate any leads or recommendations.Thanks in advance for your help!

It is normal to have second thoughts, but if the numbers work; I'd go through with it.  

; doing this greatly reduced the number of non-serious viewings...all this stuff saves me a lot of time and effort (which ultimately saves me money, and allows me to make more money).  ...so, I'd suggest studying up on how to streamline your tenant acquisition process--putting in some work up-front on that can save you a lot of time, effort and money in the long run.Good luck out there!

Also,let me know which part of town you are in and I'd be happy to recommend some reliable & investor friendly contractors!

I think this is a desperation move by a seller in a bad market and I’d still go with some kind of lease with an option where the title stayed in my name.