This is pretty critical to the states economy because the state owns and maintains all the airports, highways, and maintains ships and crews for the Alaskan marine highway. 

They are expensive, poorly maintained and quite honestly, as a parent of a KSU student, I had a hard time paying that much money for a place where the lack of maintenance and management is so obvious.  

I would make sure locks were changed at turnover, common areas were well lit, bushes were well trimmed and general building security was maintained.  

With a monetized installment sale you can get cash at closing and maintain the tax deferral for another 30 years.

Pointing out for the record that you don't get your HML-in-retirement-account cash every year (actually, I don't know your age...maybe you do), but I continue to maintain that the only tax benefit you are receiving is the depreciation deduction.

That will also come with the annual rent increase to maintain market and recover your flooring costs...........Never put carpet in a rental.

They are in the drivers seat so I would look to what they would offer you.Going forward, I would maintain control of the information and make an agreement up-front, before handing off.Even better, once you move up the learning curve, get the deal under contract yourself.  

They should be able to tell if in fact it's not maintained by them and possibly give you a few leads on how to resolve this.

For an unknown reason the foreclosure process didnt fully complete and the owner maintained ownership. 

Stalls can cost more to maintain than pasture - flooring (mats or bare?)