Acquired for $155,000, with only $3,000 allocated for renovations and a resale value of $180,000, the property offered excellent profit margins.

Excellent presentation.

Aven did NOT excel in that category. 

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

My credit is excellent and I am concerned about having the buyer miss payments. 

You could take them to small claims court, but even if you win, you're unlikely to see the money and will have spent a lot of time dealing with it. 

Then again excel and google sheets are essentially free too.

WIN!!!

Doesn't mean that new tenant won't sue you and possibly win. 

If so you would be dropping $500-$1000 for every property that is in the mix which then figure out what your win rate is and it could be expensive.