If they are serious about leasing it, they shouldn't have an issue, except probably wanting to read the lease terms first before signing the holding fee agreement to make sure they aren't objectionable.  

Assuming that there aren't other issues that potential buyers have seen/can see/will see then it should make them feel good knowing that the seller is taking care of the obvious issue. 

You might be able in a better position than many others to either buy it from the estate or assist the estate in finding a viable way out of the foreclosure by a) buying it from the estate or b) arranging its sale to an investor (and hence earning something for the efforts).There seems to be some equity there to work with initially, assuming there aren't any other creditors with claims in the bk petition.

Also, I'm not familiar with investability.com, but why aren't you using the analyzing tools right here on BP?  

You aren't going to always hit a home run with every partner. 

Agents want you to buy the place, but this is a used car, most of them aren't going to lead you down a path that could get them sued later in life.A big part of REI is being at the right property at the right time.  

There are a lot of houses that aren't even worth a price-tag of free..."

Construction costs have gone up a lot anyways even if you aren't changing zoning around so I think it normally makes sense to redevelop existing product if you can. 

they give up too soon. no one in history ever got anywhere by giving up. you can still do the drive bys even though you seem to be quite busy. your best deals will come when you aren't even looking. i found one of my better deals while talking to a woman i was putting in a toilet for, of all things. take a different route to school everyday. you haven't been everywhere yet. its out there, find it. 

A lot of the internet is full of people talking about subjects that they aren't very versed in.