In other words cut your losses and you will have a profit.

You aren't "cutting losses" if you throw your hands up.  

I would like a small cut of profeit but the knowlage and experience is what im truly after.

Should they NOT want to sell the home with us - we have to cut ties or wait until the tenant vacates before turning it over to another outside agency.  

I would expect a small cut of profit but as i said im mainly looking for expirence.

Scott Cardinalli has a good company called Scott's Precision edge.

Forgery is a covered item in title insurance.. this to the tune of 15 MILLION Dollars.. they paid but after myself being grilled by the big boys from Miami  LOL.I have one going now on a land locked parcel.. my claim is 450k.. they need to buy me an easement or cut me a check.. they missed that my property was indeed landlocked..

Plus, if it's your first experience with a property manager (and out of state investing) you might want to see how they perform on something that's more cut-and-dry and letting your first experience with them be managing a rehab project.  

It is not easy for sure, but it is what gives you the investor edge on the market and tilts the odds dramatically in your favor ... heads you win big, and tails you win small, but the house always wins and you are the house.

I believe in proverb "measure twice, cut once."