Your rehab may be to slightly higher standards to ensure a quick sale.

Your best bet might be to see the house and make the offer there, so you can negotiate properly (without highlighting TOO much the deficiencies of the property) with the owner.

If you do the items in the proper order, and you get fed up with being a GC you can always farm out the rest to a GC.

There may be a way to track real estate properly on this program, but it sure isn't intuitive.

To some extent, your interaction with the borrower to this point could be more of a risk and liability as you may be perceived as working with a borrower on modification terms or negotiating with the mortgagee and borrower without a proper license.

In fact, that is how you get enemies and have me ensure that everyone from Code Enforcement, building departments, utilities, etc that have built relationships with, knows this is how this person acts.

If I do not properly vet buyers for a seller I could lose the confidence of the relationship and the seller moving forward.

The issue is not enough water gathers in the tank for a proper flush.

I'm not sure how you split the numbers to report on your taxes, but a proper agreement could help protect you both.

When you have good ones though, they increase the value of your properties.Check out the landlord tenant handbook http://www.dhcd.virginia.gov/HomelessnesstoHomeownership/PDFs/Landlord_Tenant_Handbook.pdfIt outlines the procedures which you need to follow to properly evict a tenant.