Seller was not willing to extend contract or accept creative financing options.

The tenants have the option of something like a rent strike but they should know they could be evicted and then will be forced to move - if there is cheaper rent, then that seems doable.

@Alecia Loveless  We plow AND salt , we dont give the customer an option . 

Just learning my options at this point. 

One long-shot option is to offer a lease at something like $1,300. 

@Dave Foster   @bill ExeterMy view is without violating any irs rules your best option may be to live in the property 2 years and use the exemption.  

There are several options for skip tracing to find phone numbers and email addresses.

I would strongly advice consulting with an attorney or financial planner to discuss your options.

Has anybody found a workaround for this or would the seller simply have to hold the note long-term without the option of selling it?

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.