And then remember that HUD published the now infamous FHA memo saying landlords should not use criminal convictions as the only reason to reject their application.

If this PM were worth his salt, he would have presented the offer along with his own market analysis to either justify the low price or give you reason to reject the offer.I wouldn't deal with someone so flippant.

Annual CF:         9,600.00ROI:                           7.8% (rejected)Keep in mind, this analysis is at 8-10% BELOW ASKING PRICE...………...At 300,000, (200,000 plus less than asking, it starts making around 10-11% but that price is just crazy versus asking.So...in my mind, its a lot of work handling a MF building for 8%...a 401k averages 8 with little effort and little risk (well until now!!!)...

When I got the roof rejection, I had 2 weeks to get it done.

When I screen any applicant that does not qualify I reject.

Othrewise you screen as usual and reject them when they do not pass.

Don’t really want to take his money for the checks if I’m going to reject them anyway.

They rejected.

If you feel comfortable enough rejecting this offer completely and doing it in public, post the address here as a starting point.

So I understand that I can give them 30-days notice due to rejection of the lease renewal terms.