Once you move forward with someone you have vetted and feel comfortable with co-living, you can use the message templates to inform your tenant, upload your lease for e-signing, and collect a deposit and rent.

Now, if for whatever reason this was a fair allocation, and the 5-yr property indeed lost 90% of its value while in our hands - then the impressive tax savings they boasted about would be valid as well. 

If the rents were collected after closing and they were not addressed in the sale, then you shouldn't have a legal obligation to give them anything.

Does their collective business occupy one of the spaces in the building? 

However, there are no actual renters portal or maintenance submission forms - rent collection is straightforward.

I’ve seen people open carry (not here in Los Angeles of course) and I always get the impression they are more concerned about making a statement than they are about protecting themselves.

I was simply under the impression that it was all hedge fund money.

Just be aware that the city is underdeveloped and you might want to be extra careful when choosing tenants to make sure that you'll be collecting your rent every month. 

It's an investment into the property, and if/when they move out or even if they're there you can now add a traditional dryer to the property and collect additional rent.

I have no need for the rent collection or tenant screening as this is a function my property manager does for me.