If this is a deal that requires capital expenditures, you definitely need to walk the property with your contractor and get permission to do some digging before you go into contract, because otherwise you are going to have no idea how much capex you are in for.

PM does twice a year inspection and let them know what needs to be fixed and have been addressing those as needed with their permission.

She does not have the income/DTI to leverage a HELOC on the property herself, but gave me permission to seek a way to leverage the property for financing myself.  

What are the rules on selling your ownership stake - do you need their permission?  

Without the contract, she stated there is no way to prove that inspections were required or if they could change the rental amount without my knowledge or permission or even if property manager #1 had to provide additional notice before the sale. 

i'd be in trouble if negative votes were permissible...

He took possession of the apartment without the landlord’s permission, yet the Landlord had to evict him just as though he were a normal tenant.

She's essentially telling you, "I need to break the lease, how can I make this easiest for both of us" and not asking for your permission to do so.

Marty & @Sam Guarnieri just so you know, land trusts in PA do not offer you any protection, here's an article from a PA Lawyer that i have posted on the site before, with their written permission: http://dornish.net/a-matter-of-trust

I've had many rentals and I request copies of ALL their canceled checks for their rent and verify the date the check was deposited from the back of the check.Secondly, I request the permission of the potential tenant to speak to their immediate manager or college advisor.