Looking for some input on a unique situation.  

We have a unique situation on a property that was left to us.  

That can be your unique advantage.

Every investor seems to have unique needs....so some want certain price range, certain area, certain type, single vs multi, dump vs pristine, cash flow vs appreciation, and 100 other variables.   

It remains popular and unique as an asset because it has reasonable price appreciation.

Purchase price: $410,000 Cash invested: $10,000 This was a very unique and exciting deal.

Purchase price: $410,000 Cash invested: $10,000 This was a very unique and exciting deal.

It's kind of the wild wild west and some of these tenants don't know the laws but each city has it's own unique set of rules, grams, age requirement, and how the transaction is handled.   

Now your market will have unique characteristics that other markets don't have so maybe there's some exceptions here but most "on market" properties will be demanding top dollar right now. 

Being a unique situation and market specific, I think most brokers would approach it differently so you should work directly with your broker to make sure you're not violating any of your MLS's procedures but still providing full service to your family friend.In Utah it's not uncommon to see a buyer's agent commission be a fixed number, in this case it could be $1 or something small like $500.