I will presume you are keeping the house long-term, maybe your forever home?  

There was a mattress on the bathroom floor - I presume so that they could wake up and instantly throw up.

It seems there are risks associated with this outside of doing the job well/right that might need to be factored in here - another person recounted that they hired a carpenter (presumably unlicensed) who did great work but deep into the job had a relapse (drugs) and attempted to extort him.

Also, presumably anyone who has a W-2 and is close to $150k has a job that has a retirement plan such as a 401(k). 

(But I will add that some 2nd/collateral lenders don't require insurance... just a title report confirming current liens.)To be honest I was thinking this partner told the bank -- presumably one he is quite familiar with -- that he was the sole member.

I presume that the reason for pursuing this property is that you are looking for a super bargain. 

So it's safe to presume there are moisture issues with the foundation and water management will be a part of the cost of ownership.  

ENTERING - DATE_____________ TIME___________ Unless we hear from you to the contrary, we will presume your full permission to enter the rental unit at the above stated date and time.

Even if you choose to not make any repairs, and presume the buyer will choose to do their own home inspection anyways, being able to attach this inspection to a listing helps paint the whole picture of your house to a buyer, and adds some integrity points with them since you are proving that you are not trying to hide anything.

I've ordered some huge custom horizontal blinds from them, but I presume they can supply vertical too.