Agreed with @Theresa HarrisGet a contractor recommendation (or multiple) from your friend and reach out to GCs yourself to have a couple of quotes and ideas for the renovation project.During the walkthroughs, you can pick the contractor's brain regarding pricing on different material grades, efficient layout ideas, etc.

Negotiations were handled efficiently, securing the property for $80,000 with favorable terms.

Escrow companies that are responsive and communicate well.

My realtor is a super communicator which won the bid when ours was basically the same as the other party’s.

You will have to let them know that their buyer will have to sign an assignment because they will send you a Florida Farbar which won't make sense for you.So you have to make sure you communicate with the agent that it will be an assignment of contract.

One efficient way to manage expenses for multiple properties and entities is to utilize accounting software that allows you to track expenses by property or entity.

If you do plan to flip in that price range you're going to need an intimate knowledge of the area, demand drivers, and how to remodel these older homes efficiently. 

I would love any help that can be given and look forward to meeting and communicating with you!

Bottom line for us was a tax-efficient exit plan takes time. 

The Cosigner Agreement states they are financially responsible, all communication will take place through the actual occupants, I don't deal with helicopter parents, they are responsible for payment of rent as well as any cleaning/repairs after termination, etc.Don't forget it's not easy to sue a cosigner if they live in another county.