I regularly flip houses, and consider it my business for tax purposes.

I live in Snohomish and have rentals in Marysville so I am driving by you on a regular basis.

What Richard D is telling you is you can buy the house and own it but the person with the life estate has the rights of possession until they die, but you can buy these rights and the remainderman's interest then you will own the whole thing just like a regular deal.

We had been inside for our regular inspections and had never noticed the walls becoming dingy over time.

@Brandon Sturgill  in my state it is pretty standard that seller supplies title insurance. 

As for watering the foundations I don't know anyone that does that regularly.  

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Be careful looking at supplying Wi-Fi as a source of income.

As far as screening, I require all of my applicants to supply a background check which they get through the local police dept, fill out an application and show their last month worth of pay stubs.

If the seller does not need the cash now and is happy with regular payments, get the longest term and lowest rate they will agree to.