It really makes sense ( or decide you just want to collect rent checks)We are having a local meet up in Buffalo and we would love to have you come join us we could talk about this deal.http://www.eventbrite.com/e/western-new-york-biggerpockets-meetup-tickets-10206841939Also, I see you work at a bank may I ask which one?

What I would like to know is can I then owner finance it out to someone else and collect the difference on my terms?

Now he just collects a check every month and gets a rather steep discount on ground beef. 

You can determine an estimate of ARV from the data you are collecting plus driving by.Without seeing the interior I just estimate the worse case scenario.

Property managers, investors, & anyone else who can help.I am looking for a recommendation for a collection agency here in the state of Louisiana, specifically the Baton Rouge/LSU area, to turn over our delinquent accounts for collection.If any of you can offer a recommendation, I would greatly appreciate it.

And then you will be able to find the deals yourself plus collect commissions when you buy. 

You allow the contractor to build and collect a fee.  

Average annual rent collected in last 4 years = $30597/yr,  Taxes & Insurance $2620/yr, $ 8065 utilities/yr I have no money therefore I can't do this deal, I would need 100% financing.

Do they collect rent like an apartment complex or are they simply a contact point for residents?

Developing a new subdivision probably but not rehab a home.By the way since you asked above, in Coeur d'Alene property managers charge 8% of collected rents.