I would think this information would be crucial if something to go wrong or even to select good tenant. 

I believe the buyer is using their own funds for the purchase and is using investor to raise the money for the renovations, but I could be wrong.

You agree to buy at a specific price within a specific amount of time. 

I wonder if I should be more specific as to the dollar amount in equity I have available.

...or maybe there's nothing wrong with the subfloor, and the PM company is just running a scam...I was also wondering about the missing doors--did the tenants steal them? 

I would recommend consulting with your insurance and then getting your lawyer to draft one specific for your property.  

@Jason Yang do you have any specific questions or did you just need a referral? 

Sorry disregard last post I did this wrong.. lol

I may have someone for the down payment, or take out a portion of HELOC as a down payment, as I have quite a bit of equity on my home.I've tried doing the calculations and have come up with (roughly), a property that doesn't cashflow based on my calculations (which could be wrong)Not cashflowing? 

It's crucial to understand the state-specific regulations regarding like-kind exchanges, as some states may not recognize or fully conform to the federal provisions.