Give it a read, and you'll have a fair understanding of the process. 

At 19, your friends may not understand your drive.

If they understand they need to leave and discuss honestly what they can do to make that happen then you are both working to the same end.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

If you don't understand something, ask the PM to explain.

Yes, I understand the distinction. 

After seeing the power of financing and understanding how loans can help make real estate deals like this happen, I knew I wanted to be a part of it professionally.

However my understanding is that exceptions can be made if unexpected life events happen such as job relocation, eminent domain, marriage, divorce, changes to family size, deployment, imprisonment, bankruptcy etc. 

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.

So it would be best for him to first understand how this would impact his taxes and estate planning then structure the sale based on that.