I figured the extra money through tenant rent and (eventually) investment would be very helpful with my lifelong goals. although I know there will be a challenge of fixing or maintaining the house would not be easy, I am up for the challenge. 

Do not make promises that you cannot fulfill. 

There is no legal requirement to fulfill the Status Letter other than producing a final billing.

Handshakes don't work and life long friendships can be ruined, especially with spouses involved and any perception of one not doing the exact same amount of work and putting in the same amount of money into the venture.  

For me I would look at an eviction as a life long black list or reason for ridiculous down payment or elevated rent.

I come to biggerpockets as a member seeking mentorship as well as lifelong friends in all areas of real estate investing who would like to join me on the path of financial freedom and an escape from the dreaded rat race.

As a bird dog, you wouldn't necessarily approach the seller - that's your buyer's job.As a wholesaler, you can only make claims that you know your buyer can fulfill.

.- A young gun willing to work his *** off to earn your permanent life-long loyalty.

(If the tenant has moved out) Did the tenant fulfill their lease obligation and give proper notice? 

A Federal, state, local, territorial, or tribal government authority, or any director, officer, employee, or agent of any of the foregoing, may not disclose a SAR, or any information that would reveal the existence of a SAR, except as necessary to fulfill official duties consistent with the Bank Secrecy Act.