It will be up to them to educate themselves out of this situation into something better. 

I buy in 50/ percent and we split the investor can't do it all  . in ur situation I would only give 25/percent

We entertained the idea of immediately listing it on the market without doing updates or just wholesaling the deal to another investor who has the resources to do a complete flip...Have any of you come across a situation like this? 

I had a similar situation where I was one week from closing on an investment property that turned out to be a manufactured home on a foundation.

I don't mean to be rude but I don't see what you/your company could do that I couldn't do... unless for some reason I was legally bound to use such a company, which I believe (at least in THIS circumstance) I am not.You may have your opinions, as I have mine, but I am trying to determine whether or not the situation as outlined above is in compliance with Colorado law... again I realize that once I ASK for a test and the test is hot, that everything is THEN regulated by the state.

That way, if anything major is discovered, you'll have time to assess the situation and obtain additional inspections from other specialists as necessary.

Knowing that you have a buffer of reserves in your account will make your first RE investment a much less stressful process.For your reference, here is a thread discussing some of these issues you might find helpful: https://www.biggerpockets.com/forums/12/topics/315...There's a ton of info on the Self Directed IRA forums as well.Best of luck!

Hi @Tyler SampleI'm in a similar situation, I'm a realtor/investor while in school full time.

I have turned many initial FHA or Conventional Financing Situations into Seller Financing Situations because I took the time to listen to the Seller and ascertain why they were selling and their needs. 

I ran into this same situation when I was purchasing an investment condo in Minneapolis.