I run the risk of having to do some pretty expensive electrical updates (the structure seems to be built to code and no outstanding issues that are obvious) as the house was built in 1978 and the addition doesn't meet current code as far as number of outlets, separate circuits, and arc-fault circuits installed.In the current market I'm thinking I could sell it as is and probably offload it with a $10-$20k reduction in market value.

Outstanding stuff!

Once they are gone and you have possession back, send them a certified letter with detailed list of all outstanding expenses minus their deposit.

It is possible that you are personally liable for outstanding HOA dues and fees even if you no longer own the unit.

In poking around initially here there seemed to be an outstanding question of the asset being owned by an LLC being an issue? 

How does wholesaling a home work when the home has an outstanding balance?

The responses I've got in the forums have been outstanding.

Then I called the town collectors office and found out there is a $1500 outstanding tax bill due from 2018, and a $610 water/sewer bill.

Thanks :)@Julian Joseph - I was in a similar situation and decided to pay off all outstanding debt before my first purchase WITH THE EXCEPTION OF MY STUDENT LOANS.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule: The program has a maximum 4 draw process.The initial draw can be up to 25% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information: Signed Draw Request by borrower and contractorSigned All Bills Paid Affidavit review and approve the draw request and will release funds for disbursementA check will be issued in the name of the borrower and contractor and delivered to borrower via USPSAn inspection of work to date will be performed at 50% completeChange Orders and Cost Overruns: Changes to the initial plan are not permitted unless prior approval.