Owner is unexpectedly in over their head on the property about $30,000 after further review of their foreclosure fees and I want to find a solution to be able to get this headache off her hands. 

I wrote an article about this a while back you might find helpful: https://www.biggerpockets.com/...It references an old study from the 90s, but I think it's still more or less true and a good starting point for this discussion: In 2003, the National Association of Realtors came out with a study on the characteristics that increase and decrease the price of new housing (assuming all other characteristics, i.e. square footage, remain the same).

As you are getting a mortgage you have X days to move-in so you better be clear on this before you head down the mortgage fraud road 2) Raising rent is a two prong process. 

Would be signing up for a 5year hold and potential liability of a c Corp stock sale and any dirty laundry associated. https://www.noglaw.com/tax-benefits-converting-c-corporation-s-corporation/

The only concern I have would be the rehab work, if it wasn't done right you might be walking into a head ache.

In more of a sellers market, this is still hard to get under contract as a heads up. 

I would recommend you check out the Rockford Apartment Owners Association.

The issue I'm having, is that the seller has it worded that they are "not responsible for any cost associated with the exchange."

You could always create a google number (its free) for the business, manage it when you are available and have the number forward to someone else who can cover in your absence such as a friend or business associate.

The position is for a Development Associate.