It most likely states if problems are found and you let the tenant know in witting you don't have to return it within 30 days.

A good way to find contractors and workers is to drive the areas or surrounding areas that you are considering flips in, and you will or you should see at least a couple vacant homes being rehabbed ,that is where you should start, just introduce yourself to one of the workers get their contact info, doing it this way you can view and track an actual job that you witnessed them do first hand, i think you will trust yourself more then any referral site, you will be able to see what they specialize in first hand, this is how i started and the workers will gladly speak with you since you are potential future business.

In a BK, the court, after hearing testimony of expert witnesses, will make a determination for the value of the real property.  

I have witnessed this when I worked for Coldwell Banker back in 2008.  

From what I've witnessed is you take calculated risks and keep on tweaking.

I am at my wits end.  

I have witnessed people who have made it big (5M+) in each of these items and quickly diversified into others.

I'm for college but get cracking on real estate and stay w it.

All of these, "oh I struggled so hard, I was at my wits end, you would never believe how broke I was..." coming from people who have really never; lost it all through medical disaster, theft, con, whatever, where you are disabled, living in the back of a moving van with your wife and children, wondering just how and where to find something to eat.

An impecunious defendant who has their wits about them will simply file for bankruptcy as soon as a judgment is awarded, which gives plaintiffs some incentive to either 1) not bring the suit in the first place, or 2) settle for an amount within the defendant's reach.