Single-family management companies are seeing interest from buyers.

He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

I’m sure you won’t be verbally assaulted about how greedy you are Basically they were gifted $60-$120k tax free. 

Follow her basic guidelines and don’t make any investment decisions on hunches or emotions.  

Set on 3.3 acres, this home has everything your buyers are looking for: a brand-new septic system, a state-of-the-art wall-hung boiler with radiant heat, and a stunning new kitchen complete with updated appliances and an island for gathering.

By the way - for the same reason the 1st position lien holder will be uneasy with 100% CLTV, as a buyer I would be uneasy with it as well.

that's the reason we do what we do is to look out for our buyers. 

Take a one of my basic rentals - rents for $1250/mo - PITI is ~750 - CapEx/repairs ~100/mo - so say cashflow is $400/mo or $4800/year.

You don't want to distract the buyers from the house with too many items or stuff.

Go places where you can connect with potential buyers and sellers.