If Daughter wants nothing to do with this property, you could stand arrange to stand in her shoes and probate yourself or contract to buy from her after helping her complete probate. 

How can you arrange financing and get pre-approved in order to get an appointment for the realtor (so that he knows you're not wasting his time) if you actually need to see the house and walk through it with a GC in order to go to a HML and show them how much money you'll need?  

He's working on an arrangement for me right now.

Am I not opposed to Sole Prop however this may complicate the arrangement with the Investor?

However, most students prefer this arrangement because each tenant would have there own separate lease which specifies their single room including the common areas (kitchen, living room) and they would not be responsible financially for the portion of rent that there roommates are supposed to pay.  

Many people get stuck in the preparation stage and take years to get started. 

I'm making arrangements to see the other two units before making an offer.My options for presenting an offer and proceeding are the following:Use my current realtor at flat rate pricing to manage the dealUse an RE attorney at flat rate pricing to manage the dealI'm leaning toward using an attorney so any references you can provide would be great!

Together with me on the stage are 2 lenders - a hard money lender and a conventional mortgage lender.

Commercial lease arrangement could be triple net.Straight lease-option can net you an option price from an investor, be prepared to sell later on.Try those options, if they don't work I can get more creative.

I don't know if this deferral will work but make sure you arrange it through your loan officer if it can be.