No feedback on mechanisms of the model, but from a business perspective, the profitability of a project according to this model hinges heavily on your assumptions for rent and price per square meter in the '5) Units' tab.  

Walked in and all of the copper piping, mechanicals, wiring, etc was gone.

My name is Chad Althaus, and I'm a senior Mechanical Engineering major at Texas A&M University.

So if your end-buyer funds both transactions, how does the mechanics of that work?

I was thinking about placing a mechanic's lien on the property and then creating a promissory note for the seller to give me rights to rent the property out to repay me for repairs until my lien is satisfied.

If the EM is being held by a RE Broker, there is a mechanism for the return, assuming the seller won't sign the release.  

I paid close to 60K-70K for architecture drawings, civil, mechanical, permit, surveys etc. 3.

Next best would be an investor who has this type of experience in other towns - if you understand the mechanics of how this is done, you can find the right (connected) service providers and take it through the process in any town. 

You would then be responsible for Buyers and Sellers costs, including transfer fees, back and prorated taxes, liens, water, sewer, HOA fees, mechanics liens, any other liens (if any apply,  you'll need to check).

Hey Vickie, a home warranty covers the mechanical systems of your house and is totally optional.