The good news is you will get your rent under this program, 99% of it anyway, when the disputes are resolved; the bad news is that cash flow sucks in the meantime.I suggest grin and bear the seeming unfairness and commit to working the process sincerely and promptly, and consider it a better, less expensive alternative compared to getting attorneys involved.

Your actual "Book Value" will be purchase price with all the cost add-ons to buy it.Book value has no bearing on an arms length sales price--but gives you an idea of what the lot is worth if it were under the other houses in the area (with a home on it). 

Please bear with me. 

For example, in FL a landlord MUST notify the tenant within 30 days of signing a lease where their deposits are held, if the deposits are in an interest or non-interest bearing account, etc.

I'm not sure if the designer is an "architect" in the legal sense, but they're definitely better at design than your average bear. 

Whether this has any bearing specifically on your case...it appears that you are a victim of a predatory lender who manipulated the transaction.

There are some townhome communities scattered in New Castle County (for instance New Castle &Bear have some around route 7 & 1).If you have someone that is wanting to sell and save listing and marketing costs, you may be able to get a deal together that way.There are also many areas on the City of Wilmington where homes are listed <$50k  pretty regularly.  

The seller's perception of themselves has no bearing on a buyers purchase money arrangements, in their opinion you're in the business and they are wholesaling, actually there is no distinction as you are the end user/owner.

My Mother is a trustee in name only, but that has no bearing on the legalities.

(c) A tax lien certificate shall bear the interest rate per annum as bid on by the purchaser at the tax lien auction or as agreed upon by the purchaser at the tax lien sale, until the tax lien certificate is redeemed as provided pursuant to Section 40-10-193."