Looking forward to seeing the different ways that folks are handling this.

He could have hustled to do every deal that came his way but he was content now doing what his crews and cash could handle and helping people like me do the ones he couldn't get to in time.

The one question you should ask yourself is if you are knowledgeable and skilled enough to handle all the construction on your own or if you will be better off having a licensed general building contractor do the work for you.

I can handle some repairs.  

I spoke to a couple of insurance companies regarding insurance, and because of it's current state, they will not write a policy on it…once it is habitable they would, but not right now.I'm sure I'm not the first person to experience this, so looking for thoughts on how to handle insuring the property while I'm making it habitable.  

Look up Michigan law on how foreclosures are handled.

HelloDoes anyone have any recommendations for a good real estate attorney that has experience handling a double close and assignment contracts located in Central NJ?

As to the handling of the fee, if it was a third party general contractor it would be paid to that person.  

@Jami MortonWhen I read your post above, It sounds - please correct me if I am wrong - as if you have a pile of IRA money and are out investing without much education.There is much more to navigating the tax code related to using a self directed IRA than "can't be for personal use".I hope your custodian or advisor provided you with some introductory guidance as to the rules for self directed IRA plans and/or that you have a good CPA or attorney guiding you.Flipping with a self directed IRA can be very profitable, but is an advanced strategy.All IRA transactions must be entirely at arm's length, meaning you can negotiate and make decisions, sign contracts, and handle expense and income transactions, but may not benefit in any way OR add benefit to the IRA through the provision of goods or services.  

We offer properties that are renovated with tenants in place already cash flowing and can continue to handle the property management for you.