Okay, enough of that.Now that you've had cold water thrown in your face and the cold reality of the situation (the potential to make a big mistake) has hit you, how are you going to react? 

In a SFR, you have to make a careful call.In a situation like an apartment it is a bit easier because you are dealing with a larger number of units. 

However the situation may have been created in the first place, most states recognize that a property owner has a right to be able to enter and exit his property – called the right of ingress and egress.

@Chad Swinford we are in a very similar situation.

Is the warranty something I should find comforting in this situation?

Is the warranty something I should find comforting in this situation?

It would be great to pick it up at a discounted price.I was wondering if anyone has ever been in a situation like this, and either A) tried contacting the owner (company) direct to see if they are motivated to sell much cheaper or B) working through a realtor just make a much lower offer?

At this point, we want to move out the tenant and providing generous move out package - one month hotel stay, one month rent back, hold fee for next apartment etc, but the tenant is not -cooperating and also blackmailing us based on situation.

For that reason in a situation where a tenant is below market my advice would be to give them fair warning you will be putting them to full market rent.

Also, if anyone knows about the student housing situation there, I’d appreciate any help.