I'm still in the lurk and learn stage but I'll hopefully pick up a 3-4 unit in Clarksville sometime late this year/early next.

@David Jiang,You need to give your own notice of non-renewal, Don't think for 1 minute that the prior owners notice would even hold water,, he shouldn't have given notice, plain and simple.Get it done ASAP, full either 30/60 notice per your lease arrangement, call her case worker at sec 8 and ask for copy of lease, if she or they can't provide it then she's on 30 day,, month to month and notice needs to be written, post at door, and put copy in mail and notify sec 8, given prior to the last day of the month, I usually always give a non-renewal around the 15th. 

I saw some of their properties in various stages of rehab, and learned about the market through BP and friends/family that had moved to DFW from CA.

For example, arrange a meeting onsite, or a phone call, at a very specific time.

At this stage in your planning you are within sight of safe harbor and a few more strokes will safely see you home.

If the HOA really is a financial disaster with nothing in writing (financial arrangements not in writing are by definition a financial disaster), and you are paying cash (meaning bullet point #2 above is not relevant), note that real estate that you can't get a mortgage on tends to sell for much less than it otherwise might.

This should definitely build credibility with your buyers, especially in the beginning stages, that you have done your due diligence to prevent any surprises and that you care about your buyers.

@David FlandersWhat you seek is not really achievable within the framework of the IRS rules.If the IRA purchases the property, then a non-recourse loan must be used.Once purchased with the IRA, a property may not be transferred to you or an entity you control, so that you can then arrange for debt-financing in your own name.Your only option would be to find a private lender willing to lend to the IRA at a more aggressive set of terms than a bank.  

If it does, then you can send a letter to the tenant(s) and provide them notice of the new management arrangement.

Now, I agree with your agent - a perfect home, nicely staged, freshly painted, landscaped sells a whole lot quicker than one with issues.