They are eligible for ROFR only if other conditions are met(i.e paid on time, no damage, non-refundable fee per exercise of it).That way you'll get them to behave well, can price accordingly, and hopefully keep them around if they are good.

1st off all a gut in dc is gonna run you 200-300k especially if you are looking a pre ww2 stuff.

I had a Section 8 tenant who was too lazy to show up to her appointment with the Housing Authority and they froze her voucher meaning I didn't get paid. 

Only after one of the tenants paid rent to Holton-Wise did you explain that you intended to use another management company.

It is more of a verification for the rent being paid.

I really just paid asking- no negotitations.How did you finance this deal?

I think you have 3 options - Update it to HUD standards, wait for a cash buyer, or use a company like I just found with a search https://www.nhmcinc.com/now-financing-pre-1976-manufactured-...

The house is fully paid for and appreciation on the house has double.

I am patient that living off the cash flow would come a few years down the road, as the loan is paid and rents gradually go up and or rates go down.

The house is paid off free and clear, but we have no intention of selling it; we want to keep it in the family and turn the lot into a vacation home, Airbnb, or even a rental.