So property is in fact just some old rinky dink auto mechanic shop with a narrow parking lot facing a busy street.

She is such a good and trusted friend that we did no paperwork (I know, its a bad idea in practice but still no problem there, I also figured I can put a mechanics lien on the property should she try to claim its hers).

In more complex transactions there are other approval clauses such as getting permits or entitlement approvals, environmental studies or details evaluations of mechanical systems.You posted in the Rehabbing and House Flipping forum.

Even if you did NOT assume the mortgage, you'd still need to pay the back payments (arrearages) as well as bring the property taxes current.However, I think the thing you ought to do is first determine if this "deal" would make sense for you, then think thru the mechanics of how you are going to get title.

The oven has no venting mechanism....Id want to vent through the attic rather than a recirculating model....what trades person does this and whaty can I expect to pay to remedy appropriately?

I upgrade all appliances and mechanical so I see no major issues for several years.I spend a good portion of my time working on the homes which is sweat equity, but as I progress in this business I am spending less time doing its and more time managing.

Are the roof or any of the mechanicals over 12 years of age?

What are the mechanics (agreements, arrangements, etc) on how you delivered your capital to the attorney?

They need all the mechanicals, new plumbing and electrical.Remember all these properties have been ripped apart from the scrappers.I know you want to help out in Detroit.

Also needs major mechanicals and a new roof, there goes another $20k.