When I am satisfied there are no major surprises I wire the entire purchase price to escrow as my earnest money.

If the BUYER(s) is not satisfied with the results of such inspection, this Contract may be terminated by the BUYER(s) at the BUYER(s) election, without legal or equitable recourse to any party, the parties thereby releasing each other from all liability under this Contract, and all deposits shall be returned to the BUYER(s).

If you have submitted a list of repairs and they have agreed to do them, then they have probably satisfied their end of the contact.  

If he can't or won't contribute to making that ridiculous payment monthly, he needs to help satisfy the 2nd mortgage.

Not that profit is important to me, but I would be satisfied knowing that the rental income is covering most aspects of the ownership costs. 

I have been pre-approved for 375k just based on my personal finances to satisfy the seller.

The bank usually wants to satisfy the loan amount which is rarely a good value in the market.

1)  I do deals prior to filing, during all stages of probate process, and post distribution (inherited).2) It depends on whether your PR is administering a formal probate, their interim powers, and /or informal probate where in may only be two steps from filing to distribution.Put the deal you want under contract, bulletproof the agreement and determine what satisfies you title officer or closing agent (or escrow officer). 3)  Most of the people I've been told are probate "experts" are really info marketers, rather than deal makers.

Why not deal with the uncomfortable moments and turn it into a satisfying one.         

While I don't get the quick cash injection that I could make from selling at or a lesser price than the other dozen (12) homes in this small town, I could still make a sale and reduce my management need.I would ordinarily do this contract with a typical 3-5 year balloon, but in order to satisfy cash flow desires, ease of management duties, and to make home ownership achievable for this couple, I am considering these terms instead:Sale price of $55000.Interest @ 10% amortized at 10years.Payment Term 10 Years.Result: 120 payments of $727 = $87,219.