(But that's not a bad thing - you pay off your friend, and you're really only out of pocket for a few thousand bucks to pick up the rental unit). 

I guess I made a mistake because of is his attitude, but he was going to leave his bed but he didn't and management company said he didn't do anything wrong, but this was confirmed via email with the tenant and management company, also the property is like a few hours on the plane from me, so i cannot go down there etc etc, so I am stuck like, stain on carpet or cleaning won't cost $500 bucks and as I am not there how do I prove it with receipts, can I just pay him it or try and find a way to get to the $500

Yes, Technically you could buy it from her even if she BK'd... that is, if you wanted to pay off lien, but if they BK'd then there is probably no equity in property, a half decent BK lawyer would have advised them to sell if there was any equity and could then pay off other debts as well and probably make more money in attorney fees.I agree with Ahmed, if you can get a quit claim deed signed over to you then you have control over the property at least until the bank takes possession (which they will eventually) but you could rent out month to month in the mean time. it might even be worth paying them a couple hundred bucks to sign quite claim deed..don't go spending money rehabbing though being vacant so long, unless your sure you could very quickly make money back on rents.. you have no idea when bank will take possession.

@Irene Darville I have a construction company and service the Bucks and Philadelphia county area.

Different markets have different details, but on average, I have found that a solid renovation is about 80-100 bucks per square foot. 

The 4 Hour Work Week has a section that takes a deep dive into vetting VA's to get the most bang for your buck, and also ensure productivity.

I think it gives you credibility even though anyone that can fog a mirror and scratch together a few hundred bucks can get licensed.  

Acquisitions $250K to $999K, 8+ units, second tier markets (NC primarily for me), correctable impairments (management issues, primarily) THAT'S where I'm seeing the biggest bang for the buck.

Really great on time, great bang for the buck, and couldn't be happier with the communication and speed. 

If you find anything in coffee county you don't have the capital for or don't want for yourself and want to make a quick buck, hit me up!