If we have a resident that asks for a contractor to come over and then refuses them entry, we charge them any fees the contractor charges us for going out.it is unlikely the resident can be evicted for this, but your property manager should know the local laws and what can and cannot be done. 

They are notorious for going out of business.

So my $700 loss by selling would have a $1,150 monthly cash flow increase.Sorry for going on and on but my process is pretty streamlined so even a PM would be happy as tenants are pretty trained but I'm sure they could add even more value.

They may gripe that they're losing some territory, but you can talk to them, explain that as a charitable gesture you've dedcided to forgo this years rent increase....You may check with your building deprtment before you knock out, they may require that new construction must look like and resemble the existing houses.

Thank you for going in depth about what happened before you found a deal. 

This is one of the time when your have to follow the song and become "as cold as ice" Your response should be: Thank you for letting us know about your current situation, we will definitely make sure to notate your rental account.

I thought the title to this thread was a new hit Country song :D

These homes have been going for a song. 

Also, you get what you pay for. Go

James McMurtry wrote about these guys in a song - "Uncle Slayton's got his Texan pride, Back in the thickets with his Asian bride, He's cut that corner pasture into acre lots', He sells 'em owner financed, Strictly to them that's got no kind of credit 'Cause he knows they're slackers, When they miss that payment, Then he takes it back"