I typically recommend a new construction for a true turnkey property as the builder typically has some sort of warranty.

@Chris Seveney This reminded me of a line in a John Mayer song: "When I really start to break it down,I wouldn′t trust a girl who knew about this place."

This may require a co-signer, such as yourself.

He owns a 3 BD / 2 BA in Tacoma.

why not just list it with a realtor for a short listing agreement, like three months.

I, too, am in Tampa and I've been a lender/banker and a Real Estate investor in the market since 1996.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Do you also create a virtual account for those? 

I'm making two assumptions here - it will take you a year to get the tenants out, and so you are cash flow negative for a year, and that year of negative cash flow is a lot less than the loss in sale price you will need to take to get it sold as-is. 

I need a lender.