My 2 centss:Antioch is have some crime issues, I'd stay away till it gets better.

Given that you've had 483 clicks with no applications, it might be worth tweaking a few things before dropping the rent.I had a client who also had a property in Fayetteville and who faced a similar issue.

You could also explain that keeping more liquidity helps you address any potential issues quickly, which benefits both parties.

There are also countless threads on BP discussing this issue as well as people on here who can assist/recommend.

Has the city issued the owner a citation that the unit needs to be decommissioned?

Financially speaking the issue is that deferred capex will exceed cash flow over time. 

Sellers want themselves released from liability for some tenant issues after the sale happens.With the background, what is a tenant estoppel letter?

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

I imagine you'll have the same issue with the unpermitted kitchenetteIf you can rent the property as a MTR then listing on Furnished Finder will probably be your best bet.

Plus look for a handy person to take care of any maintenance issues that crop up.You will need to look at each and every room with a critical eye of a guest and not the owner.