@Jeff EarnhardtIt sounds like you are looking to move your business from a leased spaced to an "owned space". 

You can also do what I do and lease the home TO an operator.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

I'd take a look at the lease, most standard leases have section allowing owners to evict or give notice if certain situations are met such as being a nuisance or repeated police calls etc, but generally taking a deep dive into the lease is a good idea, but also filing a complaint with either the city code department or potentially the section 8 office could be helpful also.

@Madison Peterson we PMC's really only have two positives to sell to clients:1) Time savings - when they don't have time to:- Properly market their vacant properties- Show them- Chase applicants- Manage tenants- Handle maintenance- Renew leases and get RENT INCREASES (this is a big one!)

It does not make a difference whether there was anything in the lease or if there were inspections done.

They are also responsible for any maintenance and repairs (Lease to Own). 

They have no real estate experience and have asked if they can purchase the property outright instead and then pay us to manage the rehab project and potentially even the lease up so they can take over management of a fully-leased/renovated asset when complete. 

At the very least use a realtor to lease it out.

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.