The contract value is 25% to 50% discounted as compared to the final price once the project is completed.

.- finally, who's going to manage it for you?

@Arlan Potter,You are right about one thing the mortgage must be paid in full and the trick to get the judge to sign the order and if the judge did sign the order, you can bet the judge will have someone to auction the home off and split everything's 50/50.Joe Gore

That's a simple way to look at it but not knowing the full totals that will go into the property limits how much we can refine a final value.

I live in Lebanon, also a new to Real Estate Investing, however I have been interested for years and I have finally taken some steps to actually doing it.  

All utilities are finalized and paid to date as of the termination of tenancy.c.

(See the JOBS Act of 2012, the part of which we're looking at was effective in September, 2013; the crowdfunding aspect is still waiting final rule approval by the SEC)  Jon was correct when he said you pool money, you sell securities and have all the duties and obligations that entails.  

You essentially have no leverage since they can continue to foreclose on the property unless you pay the Final Judgement amount.  

I am close to finalizing the agreement to sell to the tenant.

We're negotiating the final terms and that was one of the terms that the seller was challenging me on, covering the transfer taxes.