I have wonderful long-term tenants whose lease ends June 30th.

We think it will make a great short-term rental in a very office-space-heavy area.I want to offer her a higher sale price (closer to what she wants) if we can make the deal work for us.Any suggestions?

However, I'm concerned about the high monthly payments that come with shorter loan terms.

Others already gave you info on where to find tenant's rights, but for utilities and lawn maintenance, they signed the lease agreeing to those terms.

Here are some diagrams to help you in your quest for answers on this subject:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection

They accept or not.  

Prepayment penalties- usually 1-5 year terms.

I see this section:"If the address of any record owner is not located in the county in which the dwelling islocated, the name and address of a person who resides in the county and is authorized toaccept notices from a tenant, to issue receipts for those notices and to accept service ofprocess on behalf of the out-of-county record owner(s) is as follows:"What am I supposed to do in this case?

It requires the borrower has significant experience and is very costly (in terms of rates/origination)It's generally really risky to do 100% financing especially if you are inexperienced.

This might affect your equity position and future refinancing options.Subject To Financing: Taking over the existing $325k mortgage is a common strategy, but make sure to thoroughly review the terms of the existing mortgage.