Some of us have a lot of experience and could make that $20k stretch into something, but we have skills you don't.

Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

The only way they would seriously consider a higher offer from an unqualified buyer is if they have no offers from better qualified buyers and their back is against a wall. 

Quote from @Jonathan Grzeszczyk: David Greene has a series (Sold, Skilled, Scale) that teaches agents how to run their business like a business.

You don't want them to just be financially qualified but you failed to investigate how they treated their past two apartments. 

It’s a good idea to work with a qualified intermediary and a tax advisor to ensure everything is structured properly and you’re clear on any tax implications.

With some additions, this would qualify for the OMG category, but I think they didn't have that category back then when it was on the market.

. $50k sounds like a lot to you but with the price of materials and of qualified labor, it does not go too far.

Understanding the IRS disaster relief provisions is crucial for residents seeking financial recovery.Under IRS guidelines, individuals and businesses in areas designated as federally declared disaster zones by FEMA may qualify for special tax relief.

Use an agent to help you get qualified tenants and documentation in order.