If you send money to the holding company, now its some sort of payment, allegedly "embezzelment?

They are proposing some sort of transit about a block down.

Granted, there is a lot of demand, sort of.

Two comments, One is that nothing just shows up with a large body of law behind it.

It is a quick and easy way to sort through a bunch of prospective properties.  

Is it possible to negotiate some sort of settlement with their 2nd mortgage to accept less than the total amount due?

If you must be the on-the-spot final decision maker and are also the sort of person that can be talked out of $1200 per year without giving yourself time to think through your options or come here for advice then please hire a manager.No request, no matter how small it seems gets an instant response!!!

@Nadir M. many PMCs post samples of the management contracts on their websites.So, you can download a bunch, sort through them and then cut & paste what works for you.You will still NEED to have an experienced real estate attorney review for final approval to make sure its compliant with state and local statutes. 

That company had let the home slip into an auto-renewal system of the lease without any sort of standardized rent increases. 

the point though as well is virtually everyone is some sort of race or ethnic backgrounds and to think that these cultural and different backgrounds do not extend to how they do real estate deals is simply someone who has no clue..