I'm actually planning on moving to Grand Junction in western Colorado.

I'd say if it's a 200k ARV (I don't know Grand Junctions market too well), and it needs let's say 30k of rehab since it's a full gut on a smaller property, a flipper will for sure by it at (200k x .7) - 30k which is 110k.

That had exactly zero cash flow to a few hundred grand/mil negative?

So, i am not located in MI myself, but have a ton of friends who turned clients that were out in Detroit and Grand Rapids area for school and ended up staying. 

Some people only get taken for a couple of grand, some, have put in 50+K  and haven't bought a dime of real estate yet.Take the time and read through posts, here ask questions, make a few friends here, that is all free.

My intent is to roll over any profits into long term investment for my grand children.Appreciate all the information you have to offer.

However, suing him is probably going to cost you three grand ($3000) and he probably wasn’t given that so far. 

This ain't your grand daddy's St.

Yes, I think normal cost seg studies cost a few grand. 

For example, let’s say the offer is 145K, you find a cash buyer for 150K with an assignment fee of 5 grand.