Looks like I read incorrectly, which is great news because I want to pursue this exact strategy.

You will have to discount it but at least you will have or he will have some money to move on to a deal where he can make a better decision and selection of a property that will produce a better outcome from a profit view point.

I politely stated, "I absolutely respect that decision.

i have 3 really close realtors friends... 1 i was married to and 1 i worked for... so i am still on the fence about spending the money to get my license... but the commission's and the flexibility may be worth it.... decisions, decisions... 

Don't make buying decisions solely based off of it.

You challenge will be to either a) pull the trigger or b) make a good decision.

If the sale is valid, you have no issue with any heirs, beneficiaries or subordinated interests or claimants unless they litigate to unwind the sale, in which case a 'blown sale' might result in the trustee making a unilateral decision to rescind the sale or the claimants attempting to gave sale set aside.

You and your wife will need to be comfortable with the ultimate decision you make.

I never knew I would make this decision at the time of purchasing the property so I paid little as possible on the down payment.Fast forward to one year later.  

Therefore, lets look at it as if each decision is a set of two investments (one for the car, and one for the property), each with independent cash flow and equity:In Scenario 1, the car is bought for all cash, leaving no money left to invest in property.