Wonder what they would do if I just sent my own Warranty Deed up there, but on the other hand, THEIR paperwork might have certain protections in it, but then again, maybe protections for THEM, not necessarily all parties involved. not really sure 

A lot of people have that much debt on their primary residence.I’d say pick up 2-3 more with mortgages then start paying them down.OR if you want the higher level of involvement, build cash to start using the BRRR strategy.

I have invested in NZ, OZ and the USA in addition to being involved in real estate in several other nations.

If you want to focus on listings, you could target Seniors with Long-Time Ownership (ready to downsize or transition to assistance) or Homeowners with Low Financial Stability Scores.

I'd like to try something that doesn't involve me going back there with a shotgun in the middle of the night.

The reason he hasn't involved an agent because the purchase price is not far from what is owned on the home so there's not much room to tag on a commission.

Or as long as I am open and truthful with everyone involved, I'll be alright?

I would error on cautious side (pay her back) when family is involved, but that is me.

But it was only a small slice of my nest egg.Finally, know what you're doing when you get involved. 

My thought on Wichita Falls was that it was attractive b/c of military base, I thought it may add some stability to rental market.