He probably knew for some time that he was spiraling the drain, so was likely milking the cash flow while not paying the lender, not turning units as they became vacant, not servicing or replacing old mechanicals, etc., just as you suggested.

In a house that doesn't need structural/mechanical work, I can't imagine this not fixing everything that needs to be fixed.

If I'm competent on the mechanics, then I can easily tell if someones blowing smoke.

Always work your REI into conversations no matter who your talking to, be it your priest, rabbi, doctor, auto mechanic, or anyone else.

Be it syntax or mechanical error - and being able to correct it for a few minutes would be a good thing all around.2.

Do a search and find out what the requirements are for filing a mechanics lien in your state.

Since we then need to get into the meat of the mechanics of the transaction, a poorly executed wholesale contract doesn't hold up to much scrutiny. 

(You might have even done a little better, as I've hear Memphis Invests does a pretty good job with their rehabs and does not ignore mechanicals, like HVAC.)  

Originally posted by @Stephen Nicholson:Bitcoin is so volatile that I couldn't see a serious investor using it as part of their strategy Stephen, good point, volatility is certainly something I have taken into consideration, their is a mechanism to convert to currency.

Can't install a tankless due to weather and elevation (according to mechanic).