Yes, that is one option.As for the best plan of action for you, only you can decide that.Understand and weigh the risks, and if you have done your due diligence and feel good about it, pull the trigger.

Do a Welcome letter to everyone the day you take over, include who they now make payment to, your contact emergency number, and let them know you look forward to meeting them.As far as leases, you don't want to renew or give everyone same date for renewal, stagger your renewal dates so you won't risk having 3 empty units.

Higher cap rate for private utilities, risk, crapy old homes etc.This park:  122-92 = 30k NOI /0.1 = $300k value.  

I have been involved in corporate finance, litigation and real estate for over 15 years.

I will be moving to Scottsdale sometime later in 2017, but for now will be spending a few weeks at a time here and there transitioning my businesses and getting involved with potential rehabs & flips.I am looking to leave the hustle and bustle of New York to live a different quality of life (oh yeah and to hopefully never see snow again!)

Risk is reduced, so they've reduced their cost to recognize that reduction, but unfortunately, you want them to go deeper.

If you would like to go into more depth on Co-Wholesaling, just reach out to me and i'll answer any questions you have on it.2) Driving For DollarsDriving for dollars is the cheapest and least risk for acquiring property (unless you are in a bad neighborhood, haha)in short:you drive around and take note of all the properties with deferred maintenance, boarded up windows, over grown grass, or obviously vacant.

If you, as a loan officer, would not loan him money because he's a bad risk, I wouldn't try to fix him.  

At the very least, this tenant is possibly on drugs and I think she's sort of a "risk" for trashing her own house before she leaves if she's unhappy about being forced out. 

He will tell you what is involved as well for getting approval for the switch to Multi.