I understand that ultimately, the responsibility falls with me...but I also wanted to reach out and see if anyone has a perspective or strategic approach to rectifying this manner. 1) Connect pipe (50ft) - not overly concerned with this aspect. 2) Clean up and have restoration company undo the damage - mildly concerned and expect a few thousand dollars fee (who pays?)

You got to enjoy it, love it, for it to be sustainable.

If I do not refinance down the road to conventional financing, it will eventually allow me to purchase one more property in this manner before hitting the limit of 10 with conventional financing.I have never done a subject to deal before so I am not exactly sure how it will work on both ends. 

Plus the Public Adjuster would be able to answer all your questions and you could move forward in a more informed manner. 

Each Level is assigned a role within the system, which is how/why they feed into the next Level.4 - An understanding that a Perfect System is both Self-sustaining, and repeatable.5 - Understanding the difference between, "cost and expense".6 - Understanding the only important rule of Poker, and how it applies to REI.7 - Understanding the enormous importance of this number sequence. 

All Contractors are subject to the lender’s determination that the contractors are qualified and experienced, have all appropriate credentials required by the state, are financially able to perform the duties necessary to complete the renovation work in a timely manner, and agree to indemnify the borrower for all property losses or damages caused by its employees or subcontractors.Multiple Specialized Contractors: Since this is a limited repair/renovation program, no General Contractor is required.

Posting license and brokerage information in the ad makes it easy to separate the licensees from others. 61J2-10.025 Advertising.(1) All advertising must be in a manner in which reasonable persons would know they are dealing with a real estate licensee.

I did this in a very polite manner.

Investment goals: My goals are to sustain my lifestyle.I love to farm,but farming does not pay the bills.so, I would like to have enough rental properties to get out of the rat race and farm!  

It outlines techniques for getting your ducks in a row, then goes through all manner of rough numbers which I've found to be pretty accurate.