So, I decided to re-check list with the court records and found several outdated information.

If I spend 500,000 6-600,000 here in La county for example, I will get a undesirable neighborhood, crime, low income, gangs, uneducated neighborhood and a house that most likely was built in the 1930's and outdated.

Its a 5/3 super outdated, think original everywhere.

Units are functional but very outdated. 

It smelled like cat and dog poop and was out dated.

He also said that older market participants have room to adjust and stay in the market while new participants will struggle.I'm saying that older market participants with old and outdated listings do not have much room to adjust since they need to take their listings offline, remove all the old furnishings, renovate, refurnish, new marketing materials, and then relaunch in order to thrive.

When you handed the tenants the letter stating that you took over ownership did you discuss the move out date with the tenant in the unit to be vacated?

The above links are outdated.

People want spacious and modern kitchens and baths - at the very least 'seemingly' new - and you don't have to spend a lot to improve outdated fixtures. 

We gave them enough information to prepare them for the reality that the move was imminent, without telling them the actual lock-out date.