I would love the buyout approach but given his age, in his 80s, I believe he wants to cause us harm in any way possible.

@Hannah Joy, there are 3 approaches appraisers use to come up with a valuation. 1.

How would you approach this?

FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

To provide some context, she initially approached our company to manage her HOA.

--Why wouldn't you use something better than this shotgun approach to find a great PMC to take care of your clients?

Sounds like you take the Dave Ramsey approach of not borrowing money.

Hey @Richard Hoyte - what you're referring to is an oversimplified way to approach it, but you're not wrong. 

However, by emphasizing their security deposit and concerns about repairs every tenant we've approached using this system has signed our lease.Someone from maintenance stops by to introduce themselves, give a business card and ask if there are any repairs that need to be addressed in their unit.

If you need the capital from a rental for a primary home purchase and you wanted to side step cap gains, then the approach would be to refinance the rental not sell it.