Currently rehabbing the property with the small jobs being handled by him and myself before the professionals come in. 

If remodeling work is required then you might need a change of occupancy (don't know how Co Springs handles that - some jurisdictions don't concern themselves with that) which can be challenging.

I have asked area property managers how they handle this situation and they said they do basically the same thing.

If an attorney is handling the eviction let them deal with everything and limit your interaction with the tenant to just responding to urgent maintenance requests. 

I have handled a similar scenario through a JV agreement.Your friend can be a "consultant"/contractor you engage, and upon sale of the property he gets paid back $X (which includes his capital and profit%) and you 1099 him.Consult with your CPA.

speaking from experience I was audited 3 times in 6 years.. never once talk to IRS and my guy handled it for less than 1k each time.been with him 22 years.

I wanted to prove to myself I could handle those types of situations.  

Looking for help here to handle this situation.Are these people just use the house for their junk and pet?

More than I can handle myself. 

But don't count on their rent in order to make the payments, and then discover they can't handle living in the flip and they move out, leaving you strapped.Plan for mental health breaks, too.