Experts say tenants tend to take better care of a home when they know the owner is nearby.Be prepared for worst-case scenarios, and study local laws.

I remember doing something like that while studying finance in college. 

What I tell newbie investors starting out is why not do a deal from start to finish to prove the concept? 

You can show timelines from start to finish, profit margins, etc. this should help prove competence and relax tensions (also wallets!)

They can in no way prove a financial loss of that amount.  

While I might not be the most hands on investor, I am still able to invest and study the real estate market in my free time.

To go into this much detail you need to have a cost segregation study done on the property.

Read posts, listen to podcasts, study many, many programs not just one type.

This couple built their own container home in Denver and had it appraised at +$700k in 2016 with roughly $430k in construction. http://www.denverpost.com/2016/04/01/couple-builds...This is fairly consistent with market studies on these types of homes that I've seen. 

Study your states landlord tenant laws If you file the judge would probably issue a writ saying she has to be out in xxx days, the money owed for back rent and fees are on that paperwork, the cause for eviction action is past due rent, failure on her part to pay, so that's why you want her to leave... you'd still have to take her to court in small claims to collect.. the filing is so you regain the right to your property and is forced to vacate.