We both have a goal and a vision with a defined path to take.

Just to define ..Warm lead: Wants to sell within 90 days.

I'd want to hear the other side(s) of the story though, just as a judge would....It sounds like now your hands are tied with regards to the bill - but then again, why'd you let Servpro go to town without making sure their scope of work (and perhaps a Not to Exceed) was defined etc, once you did get involved?

So the boundaries are not well defined.  

They definantly can not stay.That would be the most logical approach if your intent was to flip however if you were to plan on moving in while renovating that would be a stronger case still to evict.If it were me I would be having the seller inform the tenant, or do it myself, that the new buyer is intending to evict him as soon as you take possession.

@Vivian Pena It seems to me that you need to spend some time clearly defining what your investment goals and objectives are.

@Mike GehardYou have to define what you mean by tax-deductible and how it will benefit you on the tax return.There is a concept of "un-reimbursed partnership expenses" which is normally an above-the-line deduction taken on schedule E.A payment must further the partnership or be listed on the partnership agreement for the partner to deduct it on schedule E.I do not think your trip qualifies as a un-reimbursed partnership expense.Prior to 2018, investment expenses on schedule A were deductible if you itemized.

Phoenix has these neighborhoods that are not defined municipalities, but people want to live in them.

If you're sharing profits, you're in business together and the partners have risk and you've got some type of partnership or joint venture.If you're lending money, then there should be a stated interest rate and payment terms and the income to the lender is defined interest, not a share of profits.This lending with a share of profits - what the **** does that even mean? 

Hi Kirk,If it were me, because the roof line really defines it (being 50% of the front), before I'd make any major decisions on what to spend on the exterior  I would talk to a local architect about colors and material selection, and also outdoor plantings.Not to have him General Contract the job, just to provide architectural advise about possible re-styling and colors.I've seen these spruced up by painting the wooden shingles and also by replacing them with metal.