I would caution that though HUD may have a market rent price for the City of Norfolk, there is a very drastic difference based on the actual location in the city.

I actually want to have them done. 

We got a really good mortgage rate on one of them so there is actually some cash flow on that.

I was wondering if anyone from Invelo or just someone who uses it could walk me through an actual list just to make sure I am doing it correctly? 

If you serve them notice of non-payment, they can always cure and that would end the eviction.No matter which way you proceed, you need to start ASAP as it will take some time to get a mediation date and then an actual court date

I would offer them a lease and invite them to make an offer on the property anytime in the future when they are actually in a position to buy it.

First off that is "estimated" not what will actually happen. 2.

@Kyle Klineall purchases are actually made with cash, the only question is whose. 

Let me guess, and they asked you to send money to them via western union to get your application reviewed?

I wouldn't necessarily be uncomfortable with that (I would actually be so proud haha) since coops are community-based complexes so their primarily reason for checking the background and financials is to make sure all their neighbors are in a good standing.