For a little background - I have been taking a big loss on this property for the last year for reasons out of the control of my property managers.What would you do in this situation?

You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.

Unless they fixed it, apartments.com was having trouble with criminal background checks.

For some background info, I am 22 years old, and I graduated college in May 2024 with my bachelor's in construction management.

I would suggest a good PM to start if you don't have a solid background in hospitality or at least something in the service industry.Self-managing can save a ton of money if you know what you are doing. 

Use your RE background and make sure zoning allows and there are no hidden grandfathered requirement if it switches use.Sounds like you have the $600,000.  

I like the pre-qualification and application process, as well as the reasonably-priced, tenant-paid background checks.

The background check is supposed to identify the amount of risk, then you determine whether you can mitigate that risk or not.

I have legal background, billing, office and executive assistant type experience, and now many years of marketing experience as well.

Your background gives you a unique edge in making that pitch.