For you and your client, the main initial process is:1.

Pending litigation could have been decided with final judgment entered; perhaps litigation initiated involving the property, lis pendens recorded; federal tax lien could have been recorded... lots of things can happen before settlement.

So after the initial cost there is no ongoing cost to the owner."

The debt partner would receive 6% interest for 4 years and then their initial investment would be paid back at year 4. 

So, I agree with @Jack Pinney that I will not likely generate much (any) passive income with a SF once it is rented, however, I am giving $3100/month to Lincoln Military Housing right now and will be here another 2-3 years.    

In NJ, I think it would be essential to have your initial lease written by a lawyer.

I self raised my initial seed capital, but did have the opportunity to approach many VCs for the funding early on.

Usually you can have the initial consultation applied if you use their services.

Our initial offer was $200k, but final and best went up to $220k as there a $225 financed offer and another cash offer we were competing against.  

If you are a real estate professional and more specifically, if the income generated from selling this property would be classified as ordinary income you would have a completely different treatment.