The seller will always retain the equity and would receive annual distributions - and could structure the agreement with an exit strategy that makes them comfortable. 

With these additions I got comps putting the deal's ARV around 347.The punctual, timely, and professional contractors I met gave me quotes between 90-135k for my full project.

But I would be sure to look into that & speak to a tax professional up there before dumping too much time into research.

Would you mind sharing your professional opinion on which of these kitchen designs would sell better?

Looking forward to receiving direction and insight from a vast and amazing resource.

Use the professionals and ask a lot of questions.  

Here is a link to it: https://www.reddit.com/r/RealEstate/comments/sz6udf/who_has_...Also, I received an email to review them so I clicked on their Google Reviews and saw that they had 4.8 Stars.

I love the dedication of not giving up and eventually received a second chance. truly remarkable.

One key takeaway for future projects is the value of hiring professional painters.

Consult with a legal professional for guidance specific to your situation.