I discovered that it is currently an FHA loan with around 5% interest.

I have a lot of colleagues in the institutional value-add space and they always buy the property outright to keep things clean but really like this idea. 

Check with the urban land institute.

Since instituting this system two years ago, I very rarely have a tenant leave owing more than we have on file.

I describe it as a Ladder of MF and the returns have been much better than bonds.I am a long-term Brad Sumrok student, which gives me access to many deals from many sponsors, who he has trained, in his "eco-System" (I call it Sumrok Institute of Multifamily). 

Your role as a landlord is to collect rent and respond to maintenance requests (generally speaking), not to get involved with tenant squabbles.Going forward consider instituting an early termination fee clause in your lease.

@Chris Matheson be glad you discovered it before closing; where I live it only rains after closing.

I would tell them you discovered the crack and they are financially responsible for the damages.Replace the sink, charge them, and it's their responsibility to prove the damage already existed.

We are always adding and I’m always discovering.

Before discovering BP's, we wanted between 6 & 8 multi-family rentals with 2 to 4 doors each.