Or is it manageable by the owner and not worth it.

The other thing to remember is that these corporate entities are not saving you taxes on a rental property.

Move on with your lifeHowever, for options 1-3 to be viable, the judgment needs to be large enough to be worth the effort. 

The previous owner then saw an  opportunity to sell it for more than it was worth before because a developer can turn it into a much larger asset and make a lot of money. 

I k ow that anything that sounds tempting has a catch in it, so I was wondering if there's anyone here who has experience with renting his / her properties to traveling nurses, that can share the experience or just the bottom line - if it's worth it or not ?

But that also means we don't take on external clients (folks that don't work with us on the buy side).All that to say, if you can find a company like that in Cleveland, it's definitely worth a look.

Big enough to be worth the squeeze, but smaller than most institutional + no anchor.I am a CRE lawyer for those types of deals, we help with PSA, NNN leasing, etc.

So I would think the property is worth more like 600K-650K.

@Paul De Luca had a good idea otherwise maybe it is worth check with a tax attorney to see if they have any good ideas or websites that pull all of that data.  

My favorite example, is how out of state people “remember” how Vegas rents crashed and vacancy was “100%” and everyone lost their properties during the late 2000’s financial crisis.