I would consider that you will need to work for a broker and they would take a cut.

With the kind of cash-flow you're getting on this property, it's an ideal specimen for cutting your teeth on being a Landlord.

It got to the point where they would then cut out because we had paid them more than what was left on the job. 

If and when the economy corrects many smaller tenants will likely go bust (I'm not in this space but it feels like sound rationale).In a correction people will cut back across the board but the last thing to go is food and shelter so I see MF as a much safer investment. 

If you cut some deal where the back taxes will not be paid by the seller, then bring that amount to closing. 

, or if it's best to help her by cutting ties so she can keep the $$ she has now.

At this point she cut in and said her boyfriend had quit smoking prior to the move in but otherwise there was no smoking.

They don't cut checks until the first, and I had to sign a form saying I would not evict him during this time frame, which is not a problem.Long story short, his rent, including past due and late fees,  is being paid for by the program. 

@Will Barnard  what I just cringe about now is this new book on BP encouraging folks to do long distance flipping.or long distance rehab to cut out the local rehabber.. 

if you have NEVER done a build job or spec i think that financing will be your biggest hurdle.also your cash position is quite weak.. sometimes vertical lender will over look experience if you pay cash for the dirt.but leverage and no experience leads to no deal.. this would be a decent deal for a local builder given carrying cost sales costs etc etc.. how much they would cut you in for finding it and providing a little bit of cash is up to negotiation of course.