The person who damaged the property has been released from jail and she and I are concerned he will be back since he has now where to go.

If you are going to spend the money, I'd go with separating the utilities so that you can release yourself from that burden, increase the value to potential buyers (investors) in the future, and update the aging boiler.  

That usually involves rehab that releases already existing underlying value and an immediate resales.  

My question derives from the fact that I was under the impression that once we have an application we can not release that information. 

Where's my celebrity endorsement?

Reason being, Freddie Mac releases its weekly rate report on Thursdays and the rest of the free world promptly publishes articles conveying the data.

I just pulled up one of mine and it specifies: "Even if you sell your home by letting an approved purchaser (that is, a creditworthy owner-occupant) assume your mortgage, you are still liable for the mortgage debt unless you obtain a release from Iiability from your mortgage lender."

I have been an internet marketing expert for over 15 years and have been a highly sought after celebrity consultant.

So, my suggestion to him was that if he wanted to actually go through with kicking out his mom, we, as landlords, would release her from the lease and then he would have the place for himself. 

I would even record a performance document, drafted up by an investor-friendly lawyer, to this effect...that you have ownership rights in the property and it cannot be sold until you release the property.