Hi Marshae - I can help a little - I Flip properties in San Antonio and Austin areas and I'm  also a licensed RE agent (in Texas) and I perform what are called Broker Price Opinions (BPO's). when you are trying to determine the actual ARV of the house, you want to look at similar SOLDS  in the area (start with the neighborhood, then expand to the same "area")- as much as possible when we do BPO's we try to constrain our comps to homes that have sold in the last 6 months and that are within .5 miles.

That will out perform all other investments that I have.One suggestion is to keep really accurate records and account for things correctly.

You will need to look at rent roll, tax returns, leases of the tenants to get an ideal picture of how this property is performing.

Yes I have a contract …yes I could sue for non performance, I could probably notify a title company about it …not sure I would win unless I am prepared to spend a lot for an attorney and engage in complicated litigation.

He took money, demo'd kitchen then failed to perform.

So if they don't perform, everything is in place to evict.

I want to do some property management also as an added service from the Normal Real estate transactions that I perform.

This could be touchy from a marketing or sales side as really, you aren't selling the property requiring an ability to perform in a major financial transaction, you may be compensated in full upon the assignment so I can see a buyer saying it's none of your business.

That includes Realtors or operators.I've wholesaled more than most, it's the best way to get a new borrower into a poorly performing arrangement, it's a cure for pre-foreclosure issues and I've flipped contracts under a variety of circumstances.

Memorandum of Agreement or Performance MortgageDavid