The definitions are taken directly from the bill.“Equity seller†is a natural person who is the record owner of a residence in foreclosure at the time an interest in the residence is transferred under an equity conveyance to an equity purchaser or to a person acting in association with an equity purchaser.“Equity purchaser,†except as provided in section 11 of this 2008 Act, means a person that enters into an equity conveyance that transfers to the person, or to another acting in association with the person, an interest in residential real property sufficient to allow obtaining legal or equitable title to all or part of the property.“Equity conveyance†means a transaction that involves:(a) The transfer of an interest in a residence in foreclosure by an equity seller to an equity purchaser, or to another person acting in association with the equity purchaser, that allows the equity purchaser or other person to obtain legal or equitable title to all or part of the residential real property; and(b) A subsequent conveyance, or agreement for a subsequent conveyance, of an interest in the residential real property from the equity purchaser or other person to the equity seller to allow the equity seller to possess the property during, or after termination of, the foreclosure process.It appears that there's two parts to the definition "equity conveyance." 1) The foreclosure consultant has the title transferred over to them when they purchase the property from the seller, 2) and after some point, they're transferring the title back to the original seller.

However, if that $220k is an absolute rock-bottom, I don't see you going wrong unless you're way off on the $15k renovation total.

Is it located near a city, town, or natural attractions?

I spent 15 years training employees in management and the most successful ones were the ones who can easily connect with anyone on a natural level.

Moisture resistant would be ok for above the shower where you don't expect water to run down or even splash.For the back of tile, however, you need Redguard applied to Duro-rock or similar tile backing material to create the moisture-proof membrane you want.

I am risk averse by nature, but also have the fear of missing out.

You'll be rocking and rolling!

Clean it up, put the traps down, and let nature run its course.

KW rocks!

Those buildings can be rock solid, but structural oddities about old buildings prevent you from doing as much wall replacement/removal.