Let me summerize my situation so its a little more clear (i may have burried the lead in my above post)The problem statement: His income is how they qualified (she had none)He wants to stay in the house and wants her to move outShe wants to stay in the house and wants him to stay (reconcile)Both parties want to stay in the house but one party wants the other to move out.From a legal perspective they are both on the lease so I cannot require one of them to move out and they need to come to an agreement between the two of themThanks again!

Then, the minimum bid at auction is the amount you already have out of pocket.

What type of contract would I have to use to wholesale a rental property that is occupied?

All the rules and responsibilities should be very explicitly listed in the operating agreement.

And anyone can use the TREC 20-14 (basic purchase agreement).

Are they making more than minimum wage with those hours?

A couple days after this agreement (2 days before closing), the buyer decided they no longer wanted to continue with the deal even at the newly agreed upon price and did not sign for the new price.Originally they were signing the release for earnest money, but are now deciding to fight to keep this as well. 

Some banks have lower minimums. 

This will allow you to get a FHA loan with minimum down payment, maybe even some down payment assistance, and fix the place up as you live in it.

The purchase price will be 160k and the homes renovated value is between 210-220k. (4bd 2.5ba on 5 acres inside city limits)My question is, should i do minimum repairs and rent the home out for around 1500mo (pay the morgage) or flip the home.