I'm asking because I've been interested in in stalling a sauna an was wondering what the upkeep and cleaning of a wooden sauna typically looks like and any challenges relative to maintenance and guests being able to operate it (safely). 

How do you invest in horses?

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

“horse capital of the world.”

My current biggest property is an 8 unit apartment building and it is definitely a horse of a different color compared to my 2-3 unit properties.

But the range of possibility is  why everyone's been pointing you to your CPA to get specific.But from a horse shoes and hand grenades level of granularity - you can access that $500K (realizing a net of $400K after taxes. 

The plumbing company gave me a quote and list of what has to be done: "Remove toilet and many ceramic tiles from floor and shower stall.

if it's already gone to auction, it might be too late. it's a complicated process to try to get the bank to back out of that. and as the other commenter said, all owners have to be totally on board with your plan. not only are most sellers not down for creative financing, but those being foreclosed on are typically even less cooperative (i realize that makes no sense, just how it is), and divorced couples even LESS. i think you're putting the cart before the horse here in looking for a TC. for future deals, you can find a TC in pace morby's fb group. 

The horse property gives me a leg up.How did you find this deal and how did you negotiate it?

; some horse properties) but there is a lower cost subdivision there too and several mobile home parks.