The company you decide to hang your license for is secondary to your own motivation.  

It sounds like he/she is very motivated.

If he is motivated then you may be in business but I would watch out sounds like you already suspect him of something.

It seems as if he is asking retail, and if he isn't motivated to sell, you will not be able to get a deal. 

I am very motivated and have been doing constant research about different opportunities and would like any information or recommendations on best approach that I can get my hands on.

That amount would remain mine in the form of equity.   

As long as US has high levels of debt the fed funds rate will remain well below inflation?

We used the "find motivated sellers"We pulled a list of our of state owners in lake and porter counties here in Northwest Indiana. 

Which states:In the event that the PREMISES is not rented or leased within 60 days of the date of this Agreement, or remains vacant without being subject to a lease for any 60 day period, either party may terminate this Agreement upon 30 days written notice to the other jparty of such intention to terminate.......My advise is to re-read your management agreement.

Very sad and we have homeowners crying about this stuff all the time.Eventually you'll throw enough money at this house to reach some level of equilibrium with the problems, there of course will likely remain major underlying issues that you will never resolve, so the question just becomes are you willing to keep throwing money at it and how much enough is going to be enough?