Sell it to the partner for $80,000 so the partnership makes a return.

Eventually it may return to a tenants' market but hopefully you've been saving during those years so that if central AC becomes a competitive advantage, you can convert.

The assumption is that there are multiple years of tax returns and income statements to show that it's being operated profitably and with a comfortable contingency.  

The reason I ask, if there is already a waiting list and no one has left in the last two years, you may easily be able to raise rents.  

The smart investors (I'm not one in the fixer space) know which issues are easily repaired and buy those houses.  

I would say eviction laws in PA are fairly favorable to the landlord compare to other states, but a litigious tenant can easily drag on the process for months if they are clever enough.Of course, you could agree to accept the property with the bad tenants and use that as a reason to further reduce the price point.Not sure what the purpose of the 60-day termination contract is.

It all depends on your business model and what you expect in return.  

Hiding your installment sale with your next mortgage lender is mortgage fraud, that will show up in your tax returns later on and mortgages are audited after you have made them. 

Tell them you will explain to their new landlord that you will be returning their security depost and they will have it as soon as they broom sweep the unit.

There's not a lot of Alberta specific MF meetups because:Market size is smallMost investors think of condos/houses as opposed to multifamily (hence, less interested investors)Debt-financing is hard to come (relative to the US)Institutions are not as investor/landlord friendly (relative to the US)Lots of Canadians invest south of the border for all of the above reasons plus better returns/liquidity/currency diversification.