It helps create an aspirational experience and can make the home stand out in a competitive market.

We plan on creating an llc.

Im bringing 400k myself the purchase price is 10 million its an assisted living facility  do you have experience running an assisted living facility?

I do know that you focused specifically on the "Triangle" but I wanted to create a conversation.

You better reach out to them days before the auction and give them a simple choice: allow foreclosure sale  to occur or allow you to take it over from them, with equity justifying your purchase.    

If it's just slapped in the backyard, i'd imagine it may not make a big difference but if you create an environment around it, it could be different.   

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

Check out FilePlace, where user-created forms are available for free.

I know I can create a series of my own documents regarding this in Word and Excel, but am wondering if there is some kind of software package out there that handles this problem?

These dishonest lawyers will start adding on all kinds of BS and start running the cost up so much as time goes on that you have no choice.