If so, consider adjusting your rent or offering incentives like flexible lease terms.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

Orlando has high tourism demand, making it ideal for short-term rentals, though regulations vary by area.

If so you should be able to qualify for solid terms on a DSCR based loan. 

As long as we keep any of the protected classes out of the discussion, is it ok?

Long term?

As long as the property cash flows, that's what is mainly needed. 

What terms is he offering (monthly payments, amortization, balloon, etc.?

Since you’re managing a Section 8 tenant and taking over property management, focus on understanding local regulations, lease terms, and effective tenant communication.

Instead of losing 55k they will probably only end up losing $25,000 - $30,000Long term its not a great cash flow property but with some renovations and addition of a parking slab I think long term appreciation is the big goal here.