This would be the most appealing alternative to all parties involved.

There are environmental policies that can cover third party claims for property damage and bodily injury.

You might still get some interested parties if you start looking now but the question is are you comfortable with showing your unit at this time if people want to see it? 

Since HUD is a third party in these leases, you need to know who these people are and in what standing is the lease with HUD so you get paidHope that helps fill in some of the blanks!

Because of the uncertainty of the market I pushed the envelope further to request an additional 5 year extension option with a higher interest rate to help protect both parties.

In order for this to work, all parties would have to be in agreement, including banks.

Then we are going to feel MUCH better about trying to help them.The unfortunate part is that Tenant's of all kinds (some of which are Landlords TOO) smell free stuff and they start grabbing for it.

The official communist party line is "don't expect distressed deals, prices are fine".

Now for the expenses part I was taught that you should estimate that expenses will take up 40 PERCENT of your income which is 1560. 

Having third party property management is only helpful when they're good.