I have been running number with the calculators available through the given tools on Bigger Pockets, but I have been made aware by a couple of people I know that it is best to get pre-approved first before I start to look at properties, would this be beneficial to both mine and the future agent I work with?

So, I gave her 3 choices:1) $950 with a 1 year lease2) $1000 month to month3) Move out so I can re-rent at $1100The tenant chose option #2 and I'm ok with that.

I want this to be beneficial for both parties and it gets a little dicey since it’s family.

This may sound cold, but I am all for people who take risks without having a clue, suffering the consequences of their own choices. 

So that is not an option.I understand our only choice is to keep renting the condo currently.

Docusign is the choice.

If you don't, then you will have no choice but to get a judgement and put the debt over to collections.

In this case, the choice is completely up to you. 

Even if 10 other investors confirm using the exact same setup, it may not be the best choice for you.

Your choices are a higher fee, or a longer turn-time.