I think the scope of it is that we have to gut what's there, separate out water/electric between the upstairs and downstairs, add a wall to separate garage and then redo the layout so that the rooms/kitchen/bathrm meet the building code of the city

@Adam Zacharski - I doubt I can answer satisfactorily, because I didn't know then and haven't researched further since, the IRS law/policies that lay out their options to buy my end or release the lien.Someone else with deeper knowledge may be able to enlighten, I can only relate what happened. 

There was ample signage with nice artwork and the convention had a good layout.

All in good working order, but has scratch/dent in places that you normally wouldnt see anyway depending on kitchen layout. 

House flipper who purchased an objectively inferior home (busy road, power lines, bad layout) and expected it to sell near better comps. 6.

There was only going to be one investor that might profit from the property and that would be the neighbor because the existing home was going to have come down, the septic system was red tagged and it was likely impossible to get the county to authorize a new septic system so close to the Duwammish river and if they did it was going to be cost prohibitive to pump it up the hillside and I could not see where it could have a long enough run with the property lay out.

Have a tone of gratitude.IMHO Sub2 wrap exit is VERY dangerous for new undercapitalized "investor"My view:Sub2 purchase only with great location, great condition, great layout, great fixtures - appliances, AND with 10 - 20% equity.Why? 

It is your typical "U" shaped layout, kitchen sink and cabinets on the right leg of the "U", stove & microwave at the head of the "U", and refrigerator and more cabinets on the left leg of the "U".We have a JV partner on the project who is awesome.

Lay out ahead of doing business, who is responsible for what portion.

They also have 10 months to pay back outstanding rent (Oct-July)... we have to lay out the plan to the tenant and if they miss ANY payment-regular rent of the outstanding rent/utilities; we can evict.