It's all about intent, and the issue is not as cut and dry as some CPAs like to make it out to be.  

Her bankruptcy was due to divorce and current debts stemmed from medical problems.

I've found in this business by the time the ink dries on the paper most books on this subject are out of date.

More of that dry humor Jeff?

Wow, its a good thing you are stepping in, or he would come in and remove doors, windows and dry wall next week.Once the property has been closed on I am pretty sure what he did is considered theft.

No dry wall, no carpet, no cabinets, no toilets, no bathtubs, no light fixtures, no sub-flooring, no insulation, almost everything you can take out without the house falling down was gone.On top of that, even after this cleanup it didn't pass inspection tests for minimum acceptable levels.

Accounting is not really having numbers that are cut and dry so to get the best out of any program you need to have some accounting background or knowledge.

My question stems from a "what if" of the other 4 wanting to move in sometime in the future.

When the framing and sheetrock were installed all the cinder block was quad coated (four layers) with 'Dry Lock'.

I also have a good annual income between my full time job and other sources of income, however, I don't have access to liquid capital at the moment and need to move fast to make an offer.I'm looking at doing a hard money / REFI for the purchase and rehab to get them purchased and finished.The property is a duplex that was foreclosed on after being dried in.