Here's your challenges:1) Owner is either lying about there being no leases, is totally incompetent or, the worst, is a slumlord trying to take advantage of tenants.--- Which means he's trying to take advantage of you!

Wishing you all the best in this next chapter!

Steve - We would be interested in taking a closer look at this. 

Is there any work around to this where everyone wins?

Welcome to the community and be ready for a huge amount of information at your finger tips.

You bought this for 720k, then put in 463k, and are selling it at a huge loss for 751k?

This will be a STR.

That will put you in a strong position when you start investing in real estate.Using this time to learn and prepare is a smart move.

@Maria PerriWelcome to the community and be ready for a huge amount of information at your finger tips.

You can directly contribute to improving the area, helping residents access safer and better-quality living conditions.Hopefully, this gives you another avenue for real estate investment in a growing market like Charlotte.