Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

We do the leasing for them, but once we get the tenant in place, turn it back over to the owner to manage. 

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Would that be, for example, if the PM says, "I manage a duplex for John Smith in Turlock," then I call John as a reference, ask John a few questions, and then ask John the address of his duplex so I can later look it up on the county website and verify if he is the owner?

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Using FHA owner occupied.

That being said, we are not in a situation where we can be an owner occupied situation.

By consolidating and repurposing these spaces, property owners can unlock additional revenue streams.Upgrading Amenities.

There is a certain entitlement mentality and a long-term frustration mindset where they often times will mention repairs previous owners "promised" to make, etc. 

He wanted it all sold as a single package with no owner financing.