The financing arrangement must be at arms-length and cannot involve a disqualified person (e.g., you, your spouse, family members, or certain business entities tied to you).

You haven't provided enough information on that to allow specific advice.If you purchased the property in 2020 you should still be at a good interest rate (assuming a 5 year balloon ARM).

It's so nice to have that safety net.

Don't need a ton of pictures but I want to get a decent idea of the location and condition.So basically you dont want your customer to know it look dumpy until they show up.....I can understand the safety from people looking for vacant houses.... then anyone selling a house better take all of their outside pictures off their listing

Even if I use an attorney, I should still be armed with as much knowledge as possible.

However, in emergencies or cases involving health and safety, we would attempt to contact the owner first and, if unsuccessful, proceed with the repair as outlined in the contract.Regarding the hot water heater, do you know if it genuinely needed to be replaced?

A project with a 75% cost to ARV will still turn a profit.This thing goes wrong when the GC arm of the process fails, neglects, steals, becomes unresponsive, misappropriate funds, does a poor job. 

If you want safety, pay off the property.

If you want hamburger have your meat store take an Arm roast and fruit hamburger.

I'm not saying the list is ridiculous,  because all safety concerns should be addressed.