Anything is possible, seek alternate solutions when possible.

An UPREIT (“Umbrella Partnership Real Estate Investment Trust”) may provide a solution to this.

If you want to do buy and hold a HML is not your solution.

With that being said, if they are good tennents, you should go ahead and work wth them to an agreeable "win-win" solution.

This is kind of a wonky solution but I want to try it on my next home...On our last single wide we pulled down a wall and had it drywalled- however...I  noticed that the Backside of the grooved wood paneling was totally flat. 

John, If your personal finances don't meet the financing requirements, the quick/short solution is to find a partner (who does).

So, controlling the property (even for a small price) is a better solution than buying it outright.

When you need funds out of the company write a check to you, below on the "for line" write "DRAWING" that means it goes to your pay and will be taxable to you and you can also have expenses, like gas that you can elect the appropriate tax treatment for.

If you come to me with a problem, you must bring a solution to the table as well.

If replacing the entire carpet was the only solution, then you should cut some of the cost due them because you have gained carpet 3 years newer.