Additional relevant provisions in the contracts:"Title Evidence and Insurance: a title insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as exceptions attached thereto ("Title Commitment") and, after Closing, an owner's policy of title insurance (see STANDARD A for terms) shall be obtained by the Buyer. 

I've attached some pictures I took of the property.

Purchase price: $165,000 Cash invested: $50,000 4 bedroom home with a 1 bedroom apartment attached.

We are currently on a 3.75% 30 yr with 25 years left, Currently we can not add more to our debts to pay them off faster, what we can do is use the revolving line of credit from heloc to pay off big chunks of debts thus lowering our totally expense due each month and free up more cashflow, at the sametime as paying off our heloc and other bills, by having the HELOC we can start paying off debt we could not while paying off our home at the sametime.IE: we currently earn about 4500$ a month, and have 5200$ in bills a month, with the HELOC we can shave that monthly total from 5200$ to about 3000$ by using the heloc right away and putting putting our 4500$ a month in the heloc Attached an image of our currently bills vs have a 1st position heloc  once we have the HELOC we can pay off some major debt, freeing up cashflow  while putting 4500$ a month in to the heloc and taking 3000$ out  monthly. 

We attach somewhat of an explanation with it (luxury and historic homes) but bottom line it's totally arbitrary.

(see attached article) They are quietly buying properties behind the current the facility.

You don't want to get attached to a bad tenant. 

I have attached the hyperlink to the website.  

There are a couple but its going to have to be pretty permanently attached to the land to protect the foreclosure option

Having trouble analyzing this deal as there are so many variables and I do not have the experiencing analyzing deals to make me feel comfortable taking the risk.Purchase price of the land would be $250,000 not including closing cost or fees, and construction for a new 3/2 home with an attached 1/1 ADU is estimated to cost around $300,000 - $400,000 finished.