We are also on the waiting list for the paynearme rollout and are looking forward to that functionality.Per my husband who does most of the books: Buildium Accounting provides you the tools to mostly keep you from having to do the raw general ledger accounting-- it streamlines the property management accounting requirements and makes life easier ESPECIALLY for someone not accustomed to quickbooks or some other standard double entry system.

Does the tenant know for a fact that the property has been sold? 

It's a political tool, and no one wants to turn it into a political liability.

That's five houses on 200 to 500k lots  LOL.. houses went away and we build new construction or sold lots.. its quite sad but all were owner occs none were tenants.. usually tenants get booted before they can get as bad as these homes were.. these homes were beyond salvage plain and simple.

The concern with option 1 is that if, the house  is not sold before hurricane season it potentially can accrue more damage or completely lose the entire property.

I recently sold one (Acquired 2014 for $93k / Improved $35k over the course of 4 years. $25k of which in preparation for sale / Sold June 2018 $233k)Will sell the other condo once the tenant's lease expired,The reasons I sold were:1.)

It’s sold for a loss, etc.

Too bad, they used to be the cream of the crop, but have since sold their souls. 

Leverage is a wonderful but dangerous tool. 

I don't have very good credit, but recently I sold my house and have a little over 200k in the bank.