I can provide specific numbers and figures if anyone is interested, but a quick breakdown of figures pending the rental income I believe is a good price (lower than a rental analysis I had done on the property) - we would come out essentially even annually or maybe barely in the red (if we are conservative with savings for improvements, maintenance, emergencies etc). 

Even with your numbers you are getting barely 4% ROI on investment.

It barely did any damage so it’s hard for me to spend a lot on flood insurance that basically never has had to payout in the entire life of the house.

@Dan Schwartz The properties A and B are not held in a partnership entity.

@Michael NotoThey barely can afford the deposit so it’s tough to find a Sec 8 tenant able to pay deposit and first months rent. 2 months is just the standard for getting setup on the program and getting the first check.

We were new to the location and scheduled face to face interviews with property managers, turnkey investors and real estate agents.

I'd like to have a solid understanding of my responsibilities in the face of the law before responding to such requests by tenants.Thanks,

You're the 48-year-old male landlord, they're the young women barely out of puberty who don't know up from down.

They will swear they don't when you ask them straight up but then they absolutely will when faced with a choice. 

I've found that sellers facing foreclosure are usually facing other difficult financial situations as well.