If party C got it at $140,000, after putting in $30,000 of rehab into it, they can turn this home around for atleast $240,000, probably more. $240,000 x 70% - $30,000 = $138,000.

Now if a case has no merit then the other party is told to go pound sand.

We have gone through the whole deal of finding a property, running the numbers, getting financing, ect. and were set to close tomorrow (target date for all parties). 

A restraining order is covered under Mass General Law Chapter 209a and it is an order that protects someone from being abused by a current or former member of the household or family, and/or that the parties have been in a dating relationship. 

Also if you're interested, I host a Meetup group of local BP members in Lakewood on the third Monday of the month.

What if both parties bring funding to the table, how are you splitting the profits at that point?

It's just the getting started part I need help on.

The balance on the condo books would have been accumulating while only a years worth of maintenance would be collectable from the bank, but from a non-bank party, I believe they would have to pay all of the association fees that were in arrears.

Once you have a property under contract, depending on the contract type,  you can assign the rights to the contract to a 3rd party.  

@Rob BelandFantastic points, and creating a relationship with my local lender was a priority prior to the acquisition of my first two rental townhomes (as well as working with them now on my third rental property currently under contract).