Workorders include all the details of the issue including tenant contact info.

@Kenneth Hynes, The first thing to do is to go over the current lease in detail and ensure all the correct provisions and protections are in place.

I will post the details of it later and hopefully we can help me break it down together.

They didn't share any details on the divorce settlement and if there were any provisions pertaining to the lease, so I don't know if there are any details on that front that matter.   

Can you see obvious items needing repair (like the roof) when driving by?

The address is, 221 10th Ave W, Bradenton, FL 34205 Google it to see photos and details. 

Thank you this is a 1 bed apartment in a high-rise, so we don't need major fixes that are shared in the building such as HVAC, roof, moving electric/plumbing, etc.. just the items listed above.I have no relationship with vendors though I see many advertised online with reviews which I'd base my choices on. 

This could be a good play for someone with right/trusted local connections.I would actually be curious if you could educate me/us on the detailed situation as you are seeing it on the ground, @Sean Almeida.

First thing I would do is determine if it's a flip or rental, and make sure you and your partner are on the same page, as a flip will require a lot more work and attention to details.   

I like HELOCs because you can pay extra but then draw that money back out as needed.If you do decide to keep the HELOC make sure you deduct it as a business expense in 2017 and not an itemized deduction for your personal residence.