It's important to get to know the applicant before you just sign off after a fair credit/background check. 

We were able to increase rents by 40%+ and have signed lease agreements in place with full occupancy. 

Replace furniture at the first sign that it's getting rickety or soiled.If I was self-managing, I would try to buy something within two hours of where I live.

Or should the IRA owner give out the IRA's EIN instead of the LLC's EIN when he signs up with the bank and with the property manager?

I haven't signed up yet, but I really like what I see so far.

It sounds like you want them to sign a NDA (Nondisclosure Agreement).

The options they gave us were 1) leave the panels in place but get no benefit and do no harm to them 2) purchase the panels (we were quoted the full retail price which is ridiculous) 3) sign a new agreement IF AND WHEN we wanted to.

After this incident, NREIG now requires you to sign off every new property added to the portfolio stating it has working smoke detectors.

@Clinton DavisIf you did not sign a lease you can back out.

The other is to buy the property from them which the title company will need to get current title holder to sign off on deed once they are paid off