As a landlord, you want to have procedures established for each task you will be performing (rent collection, marketing, showings, leasing process, move-in day, move-out day, maintenance calls, utility switches...) in order to treat your tenants equally and fairly.

Typically set the rent, give them a 3 year lease with rent increasing by $50 each year & a 3 year option to purchase with a 12% boost from the current Zillow or MLS comps.  

Hire hourly, give small tasks, and fire them FAST if they don't perform. 2.

If you have some addresses where you want to start this venture, an Architect can perform a zoning analysis.

Yeah, if you've been a good borrower for a year and the LTV drops.However, banks can sell the debt (read the assignment clause in your mortgage) to whoever has the money and wants to service it.In any case, it's worth a call emphasizing your good performance and increased value of the property.

Understandably, in the interim until you find and get the PM going, ask the PM if they can get their recommended contractor to perform the repairs in advance of you signing an agreement with the promise that if it goes well you will sign on.

We understand that it’s a big loss but we are looking to the best strategy to beat the situation and restructure our portfolio from this and get something else that performs if we can get anything from this.

I also get an appraisal boost of 50% of the system cost.From my understanding, I can’t depreciate the panels on my personal residence, but, if I were to convert this place to a rental after a couple years, could I then depreciate them?

My roofer has pitched me, I see a local realtor who never really sold much pitching deals now, doesn't even own her own home, and even had the bellman at a hotel pitch me, so lots of people who probably know less than we do about syndication, managing apartments, improving performance, etc are pitching deals.

But these properties won’t perform as advertised as you won’t collect anywhere near the projected or scheduled rent and expenses will be much higher than stated.There is an old saying: If it sounds too good to be true, it probably is.