When we have a roommate situation, where one of the lease signers wants to leave, the remaining tenants either take full responsibility for the rent among themselves or they find a prospective replacement tenant.

I'm thinking higher points should be fair in this situation.

The scenario that I used was pretty close to what my situation is.

Thoughts on the whole situation?

None of the numbers made sense for my situation so as I was running out of time I had to go to a new market.Out of state really isn't that hard.

I'm not familiar with California law (Assuming that is where you're located), but you may also want to include them on the lease, I had a similar situation with a tenant in Ohio where the parents prepaid rent, my attorney recommended including the parents on the lease vs just as cosigners.

Depending on your specific tax situation and bracket you will need to retain a portion of your profit and potentially submit an estimated payment in Q3 (September 15th). 

@Justin Fenlon , I can personally relate to your situation. 

Doing so creates unnecessary situations like this one.

@Brad Gibson in your situation you could even test a few at a time, give each PM one or two properties and see how they do, this might be easier to do when a unit becomes vacant, but either way it should give you some good information.