For the flip itself, this would mean a GC or better yet, have a crew there that can handle 60-70% of all the work meaning they are there working on it the day you close and stay there throughout the process till it's completed. 

Photos of the place as is:

Hello,We are being approached to GC/partner on a spec home with whom the client owns the lot and will be securing the construction financing himself in order to do the deal.

Yes, you can create an LLC and deed the property from your name into the LLC.

I don't know the answer.

The absolute #1 question is:Do you own investment properties?

As of right now, the estimated pay out per claim is about $8.

I drove past the site daily to get home in Calico Ridge.

I guess the first question is why? 

If the only issue is with who pays attorney fees, that doesn't void the whole lease agreement.