I don't have an intricate strategy, with demographic surveys, IRR and NPV calculations, leveraged buyouts, and city planners on my pay roll.

This is a intricate story yet I've simplified the best I can Im early in a real estate investing career.

My wife's uncle was a very intricate part of the rehab. 

@Josh TatsunoIn Tampa, if you are doing a “one for one” house renovation, meaning you are simply replacing items and not moving load bearing walls or structures… it is a couple of weeks.For more intricate remodels where engineering stamped plans are required, I’ve experienced 8-12 weeks myself.

And these are just the main components of what is a very intricate dance that is the reverse exchange. 

Some of these cities I've been to maybe once or a few times, but I am unfamiliar with the intricate dynamics (crime, house hold incomes, neighborhood culture and trends). 

My apologies for such a long post- it always seems like most people who have an intricate problem or question do not give enough pertinent information to begin with so that others can give informed and specific answers. 

You must know enough about the law and what you want to do in order to be able to speak intelligently to your attorney...You must know enough about the accounting and what you want to do in order to be able to speak intelligently to your CPA...You must know enough about building and what you want to do in order to be able to speak intelligently to your contractor...You must know enough about REI and what you want to do in order to be able to speak intelligently to other investors; specifically with regards to an intricate deal such as what you are proposing...Mind you - you don't have to know everything your advisors know - you shouldn't; that's why they are there.

Its amazing how intricate and detailed a nine page contract can really be...

Given the age & new information about the sellers failing health I would have  concerns about completing such an intricate deal.