I would think you should approach some local banks and see how they will handle your situation.

HI @David SohnSituation 1: You don't pay for your brokers fee:In this situation you are not paying for a buyers agent and they would be paid via the seller.

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

Its a very poor situation for the original owner to be on the mortgage for years and years without the benefits of ownership and the control.  

What's the best way to navigate this situation regarding the application process as well as the lease administration?

Paulette, it is good to call out these bad contractors and unfortunately you are caught in a bad situation on what to do, start by a small threat that you will contact the BBB and report a claim if he does not show some progress, or if you know an attorney, maybe a simple letter from one may get him worried and he may start showing up.

Hi Joshua,It sounds like you’ve got a solid situation—congrats on positioning yourself so well!

I went from barely breaking even to walking away with a very comfortable profit.This experience taught me two critical lessons:Never give up when the situation looks bleak.

@Jason Velie will know exactly what to do in this situation.

It all really depends on your overall situation and your investing strategy.