@Denise Evans -- What actually constitutes possession?   

I would caution that though HUD may have a market rent price for the City of Norfolk, there is a very drastic difference based on the actual location in the city.

If you serve them notice of non-payment, they can always cure and that would end the eviction.No matter which way you proceed, you need to start ASAP as it will take some time to get a mediation date and then an actual court date

We got a really good mortgage rate on one of them so there is actually some cash flow on that.

i just never see new investors actually have a plan to be successful out of state. 

I would offer them a lease and invite them to make an offer on the property anytime in the future when they are actually in a position to buy it.

First off that is "estimated" not what will actually happen. 2.

I wouldn't necessarily be uncomfortable with that (I would actually be so proud haha) since coops are community-based complexes so their primarily reason for checking the background and financials is to make sure all their neighbors are in a good standing. 

We actually have a couple projects we are working on in SC right now for some retail medical operators.   

@Michael Masters, There's actually a couple of ways you could make this work using the 1031 exchange.