What I'm thinking is an offer to buy the home at the current balance ($239K) under the terms of their existing mortgage and lease it back to them at a more affordable payment (let's say $1,250) monthly for the next year.

I would try and keep those lines of communication open, and explain to them the situation and see if they can do a more extensive modification, or possibly an outright re-finance.

I'm looking forward to taking a more active role and meeting some great like-minded people.Thanks!

If the buyer had little to no money and is trying to get creative the seller can wait for a more well qualified borrower.

I understand that in some markets appreciation is a more likely source of overall profit.

@Daniel RubensteinDisclosing that you purchased a house from a smoker (and the smell is gone) is not a big deal if you discover mold or other hazards where the EPA is involved then that becomes a more serious concern to potential buyers and could impact your sales price.How long has the house been on the market?

This would give you a more clear answer as to owner occupied units

Tenants typically do not care for the apartment like an owner would so you may want to go with a more durable product such as tile that is easy to clean and maintain.

She gave me a more than fair price and I went off to the bank to get a loan.

If you are wanting a more computer literate clientele, go hunting for them where they are.