So I felt very grateful to have a mediated experience buying my very first property ever, in a state I had only been in once (and driven through a couple times decades ago on road trips), rather than starting out with a long distance BRRR. 

Tenants figuring out utilities for themselves and if one doesn’t pay up I’ll basically have to be the mediator between parties.

Been through this many times here is what happens.Seller has to sign cancellation to get your money back.. if they wont it sits in escrow.Seller can relist and sell it to someone else no problem just has to use a different title and escrow company ( that's a big fallacy people have thinking they cant sell it)You will go to Mediation not arbitration... if you can't settle at mediation you then go to arbitration.. so what happens is you both lawyer up.. they find a mediator you both agree to.. you both have to split the mediation costs. 

And if you met through a mutual friend at church, I would recommend asking the pastor(s) if they would help mediate so everybody can stay in an amicable fellowship.

An article written by a lawyer identifies that this is often a situation where the ultimate goal for the lender is to defraud and the victim's recourse of action is to seek a third-party mediator (real estate lawyer). 

Most management contracts are going to have a similar set of standard terms: identify the parties, the term, fees, duties, arbitration/mediation, termination, etc.  

There will also be less drama with a group of friends since they will sort out their indifferences, in most cases, rather than call you to mediate.  

My best advice to couples going through divorce is mediation.

Was there mold and if so was it properly re-mediated?

@Joe Splitrock for the encouragement and for being so darn reasonable all the time@Mindy Jensen for expert local insight, knowledge, and mediation skills @Bill F. for getting me out of my echo-chamber and teaching me how to "win every argument"@Jim K.for somehow managing to mix things like Greek mythology and McRibs into otherwise boring real estate talk.