The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

With a background in residential real estate, I’m eager to expand my knowledge and build connections in the industry.I’m especially interested in networking with like-minded professionals who are passionate about creating value through real estate.

Would love to meet like minded folks in SWFL.

Looking forward to meeting like minded Real Estate Investors

Marie, Please keep in mind that when you see people referencing with these funds it's because they are invested in these funds, bought the sales pitch hook, line and sinker and are being told by the operator, "don't worry about the market, we're experienced and conservative so you'll get all your money back and a tidy profit.

@Chris Kelly It is very hard to evict someone for a lease violation and never mind something that is legal to do in the first place.

I’m sure the community here has a bunch of insights, so I’d love to hear what you’ve got in mind before you pull the trigger!

But I'll mind my own business now. 

But he chose that one over the others because it was very user friendly (for our older managers) and it offered a 'Groups' function where we could add certain individuals to different projects.