DSCR and hard money makes this pretty easy, but you would still be expecting to put down 20% on DSCR and a bit less on hard money. 

If you're familiar with stock options, this is exactly how call options work, although they only go out a max of maybe 27 months or so.My questions are a bit numerous, but I've ordered them roughly in order of importance for me: -Is this legal?

Would this be a letter of intent or promissory note?

Like I have said a bazillion times, this is a cool place!

Can someone advise how to deal with this situation?

@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly

Any tips or suggestions I should keep in mind?

Tack onto this, legal fees, preservation, taxes paid, etc and you'll likely be over 600K total judgement.   

I know it is profitable, Were you able to get any additional information on this?

There is an extremely low success rate going this route.