These numbers represent what would be required to payoff the Hard Money loan and get all your cash back.Totally agree with @Nghi Le regarding getting Refinance loan arranged first.  

does this land have that kind of arrangement with tax offices? 

When you have completed $10k worth of work, you need to know how fast and how much work it is to get the draw that you need to pay your materials/labor and refill your coffers for the next stage of your rehab.Hope this helps. 

Sellers will often let their leases expire when planning to list the property for sale because they don't want the complications of trying to arrange a showing with tenants.

I am in the beginning stages of my wholesaling career and I would love to get some great tips on exactly how to get started.

good for you for being proactive and getting into real estate at this stage of the game.

We know about the due diligence regarding the actual property, but wondering if there is a "check list" of sorts that should be worked through regarding the partnership arrangement? 

Unless the $115,000 she is already approved for is some type of special loan arrangement, she should be able to use it to purchase a multifamily home as long as it doesn't exceed that amount --- or if it does, she can use some of the $95K to bridge the gap.  

You have to pay out of pocket or make arrangements with the provider, and then you get the money back after the fact.

From there I would reach out to possible developers that want to take it to the next stage, some may want to buy it outright, or maybe you can convince someone to let you JV with them if you front the land in total or in portion.