I'm not offering any advice in any direction but after reading your post I did some online research and filing for bankruptcy after serious identity theft is not unusual. 

It's my understanding that even here in Hampton Roads, VA, it's not unusual to charge a potential tenant more if they want a month to month lease instead of a one year lease.

Not doing so would be unwise, especially in an unusual situation like this where he has already been accepted and the reason for denial is difficult to quantify. 

But if you do so then that LLC is going to have seasoning issues and I'm uncertain how you would refi a TIC interest without refinancing the entire thing. 

It is not unusual for especially an old guy who has had the place forever to basically do nothing to fix things, barely screen tenants, leave units unfilled, don't keep recognizable records and just collect whatever rent they can.

The average stay is usually 3-6 weeks, but it's not unusual for someone to stay as long as 6 months.  

I would think people would be scared of it because they're unusual, would you agree?

Most of the multifamily deals in Atlanta are at unusually low returns so I would be patient. 

No unusual tenant laws that I can think of, but maybe someone else can fill in here.4.

It is interesting, and unusual in my market, that they are all empty.