It's really just all about have a good team around you - realtor, bird dog network, accountant, and QI to guide you through.  

@Jeff Banky  this is just a glorified bird dog program...

I suggest you provide the following for better and more accurate answers: How is title currently held with the investor and for how long, is their any debt financing on it, how much capital does this investor have into the deal, why is he/she in this scenario of already owning but no money to complete the job, what was the purchase price, what are the urgent holding costs, whatbis the expected sale price at exit?

Everyone...sorry for the late response, but I've been working on the house like a dog. 

That, combined with lower income tenets with high turnover, turn a high performing pro forma asset into one that can really be a dog. 

Real Estate sales by itself is doggy dog!  

@Curt Davis - I agree - The "pitching hack" began with the first response :-)@Lauren Brown Unlike most who have posted, I don't have a dog in this hunt - so here are my two cents - Working with an agent can be very valuable - and since you are new to investing, I would say using an agent could be the difference between success and failure - a good agent can save you thousands of dollars, and months of searching - not to say it can't be done effectively without an agent, but you will have a LOT of knowledge to acquire before you should invest your $...  

these deals can take forever and a day.I own a 4 acre tract right across the street from the largest Indian casino in Northern CA  ( Graton Casino Rohnert Park)  have owned it since 1994.... there is 50 acres of prime development ground and 11 owners... when I went to a stakeholder meeting with the city.. it was evident that the majority were moms and pops that had NO CLUE about development and one would they think there land is good for this use.. ( which is not even remotely possible given the zone )  you have to fight these things... then one see a listing for dirt somewhere else maybe its a prime 1 acre corner commercial listed at 1 million.. they have 7 acres and jump right to the idea that their piece is worth 7 million...its this type of mindset that is dog tough in these situations..

Oh, and if you DO buy it, just ask me where to send my bird-dog fee.

@Jared Smith glad you're only looking for information, when you need an attorney it's often too late. however the Junkyard dog does a good job!