Although there is potential profit in this kind of profit, there is also more risk associated as the repair costs can pile up quickly and create a scenario where you have invested more into the property than the repaired property would actually be worth. 

@Meghan Carson: Thank you so much for your kind words & encouragement—I really appreciate it!

Quote from @Allie William Wilson: Quote from @Pat Aboukhaled: Hi @Allie William WilsonThanks for the kind words!

Like "Biggest single family propetry management mistakes ever" etcGeez, this site it kind of clunky.

As tenants, I'm wondering what kind of offer we could present to our landlord to buy the house we are renting.

Please kindly help to handle this the best way. 

@Kyle Knudsen  I agree with Denver, with a 1031 you must move all the proceeds to a new "like kind" property. 

This kind of thing happens and now would be a good time to negotiate and add to your agreement how it will be handled in future.

They were not a good match for us but it never hurts to be polite and kind.)

And, frankly, all these cases are kind of fun to read.