In Vancouver 20+ years ago, a bunch of condos were built and they were not built properly and had to have massive repairs done due to water damage on the outside (we called them leaky condos). 

I am exploring the possibility of not only fixing things but doing a renovation to bring an old half bath into a fully functional bath, renovate the entrance and foyer among other things and possibly even an addition to the house.

There are plenty of centuries old houses on the east coast that have been upgraded and properly maintained over the years.

I'm not sure how you can maintain a scaled and properly trained staff this way, but they're certainly trying. 

The answer is likely no because it sounds like they're not grounded properly. 

If we are given a proper 30 day notice - we can usually have a tenant ready to move in within 2 weeks of the exiting tenant moving out.  

Some do but the tax sale has to be done properly and title otherwise good.

That's the bigger question you guys need to answer providing you sitting on valuable equity or have the means to make the property function as a LTR.

Aloha @Jay Patel,  VA's are awesome if you properly train them. 

Everything is in writing & signed by tenant & landlord - no verbal promises  If they ask you to fix something, write up a work order on the spot or ask them to send you an email/text request (sneaky way to get proper email & phone #).  2.