It could be helpful to you (lenders will want to see lease agreements) and it is good for the family member (they actually could do a program where them paying rent increases credit). 

Then you can determine if you made a profit, loss or broke even.Determining your sales price can only be determined by the market. 

North Carolina, Florida and Tennessee round out the five leading growth states.And, for the fifth year in a row, California reflected the largest net loss of one-way movers, according to the data.

I am left feeling that working with them was a wasted investment and decided to cut my losses and move on. 

Most people I know start with low money down programs so they can get away with a initial capital investment of around $25k but you also need reserves.  

Hey Matt,I am aware of a program that can do that, just shot you a DM

I've since created a similar program within my office and it's a profit center.

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).

Quote from @Avery Oblepias: I’m needing advice has any one taken the Tom Cruz section 8 program if so was it worth the investment thank you  He's a total dork.

Let the tenant vacate, and you have one month to find a replacement before you incur any losses.