They are a critical member of the team.

One aspect that I didn't mention in my original post is that I would like to market this development as affordable housing.

Coming from the BP community, this is new perspective but one that deserves (as they all do with a critical eye) some further thought.

A person generally cannot legally claim an interest in something for which one has not paid, so I wouldn't be particularly concerned about the paralegal aspect of it.If it were my place, I would write it off and just look to lease it to someone else.

No matter which way you go, I agree that good property management is critical, especially in a market you don't know well.

Same aspect to loan servicing or collection of hospital bills or car payments clearing some collection service, if the obligation exists then the collector is entitled to additional late fees.But if there is no financial risk to a collector they are only passing funds through as received, that's simply management.

Cons - The government regulates every aspect of your house.

Welcome to BP community @Julian Robinson  It is a great place to meet new friends and learn about various aspects of real estate and more. 

That is only true in some areas (and may be true in yours), but if you want the best of any given class of tenant, you shouldn't focus just on the durability aspect.

Let the criticism begin.