Please help any help with answering the suggested answers so I know where I went wrong in part 1 and any additional clauses that need to be included in part 2.I am aware BiggerPockets does contain contracts specific to each state but how much in detail are they i.e do they cover everything I've mentioned and perhaps even more things I haven't thought about yet?

Talk to Harold Williams (Their Estimator) I've worked on several jobs where my clients have used them for abatement (including the State Capitol); They have always been impressed with Harold's fair bids and the company's ability to finish on time and under budget.Hope this helps!

More details means more people will be able to advise you.

I think assuming 2.5% should be a good estimate.

Given that housing prices are hard to estimate until they hit the market, is there a way to come up with a reasonably conservative price which would not be considered a gift?

@Kris Nicholson You should join TREIA, and (independently) feel free to attend tonight's Triangle Deal Maker Sessions (go to MeetUp for details).

I see a lot of people waste homeowners valuable time for potential resolutions because they are unaware of all the factors relating to the foreclosure and details of the debt associated with property. 

Estimate renovation costs accurately.Manage teams of contractors & projects.Accurately estimate the re-sale price of the home in question.Keep costs down.Stay on budget.Keep project on schedule.Fund projects.Market completed projects to home buyers.

My ability to painstakingly investigate our potential tenants, really get into the details of involved criminal and credit histories, has been very useful for us as part of our business plan.

If the title fee estimates get a little crazy, maybe you have a close friend that is a title agent or attorney that you can work into the deal in exchange for them arranging settlement.Just spit balling.