@Jonathan Greene and @Nathan Gesner, you both illuded to sharing more about my current financial situation and background.

Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.

We let the inherited tenants know of the change of ownership and gave them a formal notice to vacate.

Or, are you looking to invest for passive income and let someone else handle ownership and management? 

Current owner is willing to break even on the purchase price however, in my opinion I think he should consider 5 or 10k less then the purchase price considering the amount of repairs he neglected over the length of ownership.

And not to mention no stock matches the dividend rate one can get in real estate with such low risk/volatility. 20yrs ownership, oh-yeah, cash-flow on renting it would be HUGE now so it's easily comparable to a 20%+ monthly dividend, if not more.

I can share it with you if you want. 

And a SUSTAINABLE approach to rental property ownership. 

Thanks for sharing and saving me the time!

(Call them condos if you want the pride of ownership.)