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.

If your other tenants find out about it, they may feel unsafe and decide to leave and you would have to let them based on current law.As with all renters, you have to identify your risk and then mitigate it.

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

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

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.

Quote from @Amanda Gauthier: I recently purchased a property through RTR and while I am happy with them, I am having a lot of issues with KS Yoak PM Company.

Zero tax state, no insurance or property tax issues like FL and TX. 

I ask because I've interviewed a number of general contractors over the years for my various real estate projects and am shocked at how the vast majority showed up to the job site to give an estimate in a vehicle that did not display their contractor license number or business name.Aside from this one issue, they'd often have great portfolios, long list of successful permits I could verify they pulled, great references, no complaints on their license, and had been licensed for over a decade.