Honestly, I'd be happier to be rid of someone who skipped out than to pursue damages.Full disclosure, I haven't had this issue.

I honestly have never done this before, so I have no idea how much it should cost.

So more money in the end, and I was honestly nervous about 25 people and am happier with this group of 6. 

Just be honest about what you are doing.

@Michael Vu - try this exercise to change your viewpoint on the deal. 

@Jonathan Greene thanks for the honest reply.This is going to be my first house where I am going to live in, because I am renting right now.The agreement is that he is going to buy the house under his name, I am going to do all the renovations if it needs, because I can’t see inside like you said and I am going to pay him a fee around 10k and then refinance the house.What do you suggest?

To be honest that is the fair market value.

Honestly I don’t know if I got any more than I would have with a realtor but anything I didn’t save my friends parents saved instead.

Do you contact people by mail, finding distressed buyers would make the most sense, there's plenty of pre-foreclosures.I'd probably shoot for a BRRRR, most likely a buy and hold for 5 years flip while renting, I'll be living in the property since I only have FHA(3.5% down) / Rural financing (0% down) / Home Ready (3% down) loans I'm clearly very hesitant about the Utah market because it's so overpriced, but people are still buying so maybe I just don't know something.Side Note* I was looking for a rundown shabby home in the sugarhouse / U of U area because I rented in that area for a period of time and Google Fiber is honestly amazing and Comcast internet sucks. :)I use rental property calc for a lot of my calculations should I only care of the IRR if the cash-flow is Negative?

I did read some great advice on having your property management company come by every now and then and give updates during reno work which is great, but honestly, I'd really love to self-manage while investing long-distance via apps like RentRedi if I can.Anyone have any advice/tips for me?