Sitar music would be playing in the background and the yogi would often drive a Rolls Royce, one of a fleet in their possession.

Ideally, get someone from the title company to come talk about notes and deeds of trust ( security instruments) and balloons.

If you have a FCL in progress I think that would help to mitigate the piano music. 

The Mortgagee being dead (if they really mean deceased or out of business) doesn't affect the legality or enforcement of the Security Instrument (Mortgage/DOT) and Note.A "Note Judgement" which is not a technical term, seems to mean the borrower can only suffer from a Deficiency if one is pursued.

., but has some minor revenue as well.My wife has had business expenses, with no revenue, for her music career.  

He is fixing to finish music recording school as an sound tech in about 3 months and then should be able to land a job.My brother owns a car dealership and I can get the same car much cheaper or his current car this car place made a buyout offer.

There is also one big issue with your tax projection - the taxes of $280 are based on the vacant land taxes and will likely go up to ~$2000-$3000 in a year or so when the assessor catches up with you.I realize there is a 1031 involved so a real estate purchase is necessary, but you should compare your ROI to a safe yielding instrument like a 10 year T-note or AAA corporate bond yield. 

Those are antiquated instruments used primarily as predatory devices.  

"For purposes of enforcing the due-on-sale (or due-on-transfer) provision, if any, in the security instrument, theservicer must consider all of the following situations to be a transfer of ownership:- the purchase of a property “subject to” the mortgage loan,- the assumption of the mortgage loan debt by the property purchaser,- any exchange of possession of property under a land sales contract or any other land trust device, and- in cases in which an inter vivos revocable trust is the borrower, any transfer of a beneficial interest in thetrust."

So glad you have joined us on this journey.It has been so instrumental in our investing journey, and in my growth as a real estate agent.