I’d suggest negotiating the furniture into the sale and then slowly swapping pieces later as you personalize the space.

We welcome any suggestions.

Was wondering if anyone knows a guy/girl that can't help me acquire sed property off market for a better price. 

I would suggest doing these separately however since you will run into issues with a partial release clause on a blanket loan.

I would suggest you get over to some investing meet ups in the area.

With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

You might suggest that once they get their money back, you split the first $100k (or whatever number makes sense in your deal) 25/75 where you get 25%, then anything over $100k, you split 50/50.  

From experience with mechanical and utility issues in distressed properties, I would also wonder why the breakers were removed.

I am wondering if you are making some assumptions that just aren't true.