On the surface it looks like you have $89,000 in fluff/margin in there.

Having the property transferred in short order to a Trust can come to the surface many ways; insurance changes, filing notices of transactions are sent out daily to subscribers with title companies, mortgages are audited at random, but problem loans take center stage in audits.

I see the market heating up in Northern California and more projects that were put on hold are surfacing.

Just looking at this on the surface, it sounds like you may want to pass on this one.  

Since the shower booth has no door on it and literally is right next to the entrance, residual water along the surface eventually wets the frames and the carpet just outside the bathroom.

While some TOS requirements appear minor on the surface, others are more significant such as requiring a property owner to pave a gravel driveway prior to the sale of their property.

If necessary, re-surface the cabinet doors and drawers.

"You" (a homeowner) cannot just "encapsulate it and it is just fine and if there is no flaking and pealing", in order to use an encapsulating paint over lead paint every surface needs to be tested individually and a form filled out for the EPA for each surface. 

Coming from Telluride, it may seem like a great deal, but unless you have experienced a Wisconsin winter, you have no idea just how cold the earth's surface can get - you will wonder if the sun went out...

Any coating going on a floor will need to be maintained based on the kind and type of coating and traffic on the surface.