Originally posted by @Ben Skove: I'm not attached to the issue.

@Ben Skove thanks for the heads up for Amazon Prime, I'll look it up.

@Ben Grotte my target area would be pg county since that's all I know.

If @Eric Fiedler  buys 7/8 of the interest in the property can he then bid on the property at auction with 7/8 of the proceeds going back to him and 1/8 to the PITA?

Ben Tate is right, Wisconsin Statute 704.05 point 5 explains what duties landlords in Wisconsin have regarding abandoned personal property.

@Ben C. - Flipping is consider an active job as such the IRS treats it as self employment income and not capital gains tax.

@Ben F., please let me know how it goes, so I can update my list. 

It is likely advisable to have a written agreement that addresses all sorts of possible issues that could arise in this situation including with regard to the loan and any mortgage interest deductions, splitting of expenses, splitting of profits, tax reporting, what is to happen in the event of disagreement, any rules about rehabbing such as particular types of materials to be used or types of projects (can he choose the cheapest and ugliest materials, consider that has having rehabbed it, and then takes a split of the profits still at 50%?)

Thanks Jenifer Levini , Ben Leybovich and Steve Vaughan.

Hi Ben, Talk to local lenders - they will know who is under water or at risk.