House for sale, partially renovated

[Rami Khaldi]

Hey BP community,

Hoping you can give some insight here. Might be a dumb question, but why do some houses go for sale after someone else started renovations on it? Pics reflect some redmodeling work with equipment in the images, some flooring done, other remodeling in early-mid stages.

Some thoughts are, lack of planning/structure for project --> misused funds they had, investor pivoted to another project, local market potential plummeted. Anything else? The opportunity seems solid. Location is decent, meets the 70% rule for a flip or BRRRR, seller is motivated and can probably negotiate the price down.