I am not sure why is that but you have to be careful on what are the agreement on that contract.In this case, I would recommend to get involved with a investor friendly realtor who will help you as it could be many issues during the process as the titles are not clean in most cases and many variables have to be checked. 

I have received a quote from Hope Plumbing, Pristine, and Exceptional Drain Cleaning. 

. - Land prices for a "clean" lot (no protected species, no flood zone, away from busy highway, etc.) are now a minimum of $40k and more like $45-$50k for a freshwater canal lot.

I do a few transactional a year but the vast majority of what we do is wholetail.. buy it clean it resell it.. then of course you have full rehab..

I would second the advice to start saving every single dime you can and go on a serious quest to clean up your credit ASAP.

@Brian Berry as others have pointed out, you cut corners to save a few dollars by DIY managing, now it may cost you thousands.Who have you lined up to access the property when needed?

As an entrepreneur, there is not such a clean off button. 

A Lis Pendens Notice was recorded with the clerk seeking "either the cleaning & closing or the demolition of the structure," but no order for demo or other notices were recorded with the Clerk of Superior Court or placed at the property.Does the city not have to record the ruling or tack the notice to the property?

Could be a good initial strategy for you especially if you like to DIY.

The co-ownership may not [...] conduct business under a common name, execute an agreement identifying any or all of the co-owners as partners, shareholders, or members of a business entity, or otherwise hold itself out as a partnership or other form of business entity (nor may the co-owners hold themselves out as partners, shareholders, or members of a business entity).Hoping to use TIC as a legal way to pool funds without getting into the web of SEC regulations and attempt to keep tax reporting clean.