This list should include descriptions of the damages or unpaid rent, along with any supporting documentation or receipts for repair costs.I would start by creating the itemized list of charges, even if they are estimates.

I dunno @Mike Francis, this has come up before and I still think that you aren't going to get a ton of traffic from being on there.

Just recently I undertook to do some significant painting at two of the buildings and my wife offered to help me out.

I still made it work, but man, it was close.Has anyone else been blindsided by something in a deal like this?

This is a state-specific question, @Curt Bixel, and likely even more regional.

If I am understanding this correctly the $175K is the equity amount the lender supplying the construction debt requires so I am guessing this is a roughly $900K total cost project. 

Why I didn't pick this foreclosure, or why I picked this or that comp a mile away. 

Very helpful.

Interest Rate – This is where assumable loans shine.

I imagine there are some people on here that have used small business loans for this type of business or any business in general starting out.