After subtracting loan balance and sellers fees, net for selling all would be $350K-850K (There is obviously a lot of uncertainty here, high value is based on a recent pitch from a realtor who specializes in investment property; low-range is based on skepticism of that).

Not trying to hijack your thread but let's say I know a seller selling a property and happen to run across a buyer looking for a property such as this.  

In both situations, we are going to max out the seller assist to pay for all/most of our closing costs.

While we do have cash saved up, we'd prefer to work on our credit for another year before looking at getting a mortgage or commercial loan to possibly do a fix and flip.If you were us, would you a) use our cash to purchase, fix and flip something older and cheaper outright which seems like a huge undertaking for our first deal, b) use our cash as the downpayment/skin-in for a hard money loan (balloon) while we work on conventional qualifications to refi at a lower rate in 12 months, c) My in-laws are in the process of purchasing a seller-financed home and are interested in "renting-to-own" their place to us.

A super niche list with potentially highly motivated sellers can make you an incredible amount of money.

Hello All,I am a License Loan Originator in Houston, TX and I am coming across situations where I have clients that are distressed sellers.

You as the seller... valuation is all an art

At the first closing back taxes were discovered and the original seller did not want to bring money to the table.

If not, then, the seller may provide seller financing.

Otherwise, if they are separate properties, you can still put in an offer for one...the worst the seller can say is no.