also, get clear on your expectations with your agents, find out exactly what they're doing weekly and what they want you to do weekly, and stay in touch every week. check in every monday.

This benefits the buyer more, since depending on how it is written, it can lock in a future price and if the buyer would benefit from exercising the option he may, if the numbers run against him he can back out. 

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Our OPINION for the Metro Detroit market (always verify each area for yourself!)

So, unless you have a home run deal (PP 60% of ARV - Repairs), you will likely leave part, if not all, of your money in the property.I'm not saying it's impossible to achieve, but it's always good to have decent expectations so you don't give up after your first deal.Best of luck!

Now they have a liability stuck on their hands that is not in rentable shape without pouring money into it, with no signs of appreciation in the near future, and the very real possibility that someone will only purchase it at a highly discounted rate.  

If you want a future in real estate investment you may want to look at other markets instead of Bozeman and almost anywhere in California.  

You can EXPECT a "No".

Since this is an investment property and in a different state (Texas instead of his prior experience in New York) how much of Johnny's $105k profit can he expect to keep?

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $300,000

Cash invested: $200,000

Sale price: $350,000

Prices on these units range from $350 000 to $750 ...

It's highly possible she's just not in a financial position to be a home owner so you can continue to rent into the future (does the property cash flow?)