I cannot stress this enough... take it easy, If they are paying and good tenants- leave it at that until the moratorium is over and the backlog is down.I speak from the experience of inheriting horrible tenants with some crappy "one page photo-copied-fill in the blanks lease" which each was violating in one way or another. 

This deal showed great monthly cash flow with little risk and low stress because the price was low enough to own the property out right.

Those fall under Fair Housing Act - and the criminal one has become a major legal challenge against landlords in failing to provide housing to those who have served their "debt to society" or whose crimes were not recent.  

@Neil Schoepp I figured as much, but I hate wasting peoples time, especially the seller, because I’ve been on the other side and it’s very stressful and frustrating.

Wondering if this is the less stressful route. 

The key point is to stress test your numbers in a range (say .5-1% spread). 

In any stressed market, cash is going to be king.

I only say that because I am a handy person so I don't get stressed about repairs.

I would say he is at fault for not mentioning this to you when showing the home and then stressing it again when signing the lease.Here's an article that discusses this issue in beach houses: https://affordableremediation....

Don't stress too much and work through your problem.