Yeah they dont seem to motivated to sell as you would think for how long the house has been on the market and the fact that they have already moved and are still accruing property taxes and HOA fees every month.

Its clear he has no intentions of paying us the thousands that are owed, let alone reimbursing us for attorney/courier fees. 

What do you think are acceptable sponsor fees? 

With a quad-plex you'd only need to pay once to an attorney, replace one roof, and/or have one closing (less closing fees in total!).

I will do a short term (week or so) hold agreement with a non-refundable fee that becomes the deposit if they sign the lease on the agreed date.In your case, I'd speak with my landlord/tenant attorney and get an understanding of my options.

The ones I've found for sell have utility liens and backed taxes on them, so I'm wondering if these properties would be a great investment after paying those liens off or if there could be hidden issues that would pop up and cost me more in the long run.

As long as it's in/near the 610 loop.Since I own/manage 1000+ units inside the loop I get asked to fee manage someones random 30+ unit all the time. 

@Shawn Kostoff, I’m reaching out to the city for any additional fees or implications but what else might you have in mind?

Its not uncommon here in Vegas for short sellers to rack up $5-10k in delinquent HOA liens as the HOA have ridiculous and exponentially compounding late fees..  

Monthly expense with just mortgage tax and fees are running at 2.7 to 3k and the rents have softened to 2.3k.