In brief discussion with friend he mentioned the tenants offering a $300K down payment, he did not mention if they talked sale price.  

He who works longest and last receives the biggest portion.About me:I am a father of five who is just venturing into the realm of entrepreneurial real estate at age 30.

This guy new exactly what he was doing and how to do it flawlessly.Sucks that in todays times we cant just trust someone to do what they say.With that said all of the ways to avoid this in the future have been mentioned in the previous posts.

I often do not talk to friends about what I do because I see their eyes glaze over even mentioning real estate but I'm starting to rethink this approach.

I probably should have mentioned in my post that I'm really just trying to practice with the calculators to get a sense for my rough estimating.

They offer monetary compensation and mention a 1099 contract.

I bought my first home in April of this year at the age of 38.

In a previous post I mentioned that we purchase our first flip and I'm happy to say that it's now under contract.

Granted it's not formally approved yet, but the code has provisions for the change of use given the age of the structure (over 50-years old) - it's grandfathered in.  

You mentioned that you are looking for a SFR investment in Utah.