Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Not that the other strategies don't, but yours seems like a logical solution to a number of challenges, for all parties involved in the transaction. 

I am primarily involved in fix and flip properties.

Of course meals on me, and I would be happy to involve you as an investor if you end up being interested. 

Regardless, passing off a good deal to someone in your network is a good way of building on a relationship- and finding a solution for everyone involved.

At this point the best bet may be to sell and hope that he just doesn’t have to come to the closing table with any money.

Any reason not to offer 100k or lower, in light of the work involved?

I'm betting there are more repairs than I think(2).Good opinion, I agree.

This is actually what I got form the agent "The owner is elderly and wants to start liquidating all of her rental properties, since her husband has passed away and her daughters who are involved with the property management are no longer interested in this business.

Now having family involved is always a great incentive.