Hi DavidDo you have anything in your lease or state statutes that outline that happens when the property becomes uninhabitable?

You can have the PM LLC collect all rents & other income and pay all expenses from an Operating bank account and hold all security deposits in a separate account that meets your state's requirements.

Many states require a credit report review 

nice, what state was this?

Every Landlord's Legal Guide by NOLO will teach you how to manage your investments and points you to state-specific laws.

If they are Class C tenants they may not believe you or your letter.You should have asked for an intro letter from the seller or previous PMC stating you will be taking over.

Am I correct in stating that the only thing I would be responsible for is coordinating and managing repairs to the actual building if I were working with your company?

PHA's administer Sec 8 in many areas, here out PHA is in an inner agency relationship with a non-profit that administers about 1/4th of the state.

Washington state is very very tenant friendly state the rules for landlords are extensive.

My grandmother Virginia was born and raised in San Jose to Sicilian parents, my great grandfather Phillip DeBello and Mary LaTorre who immigrated here at or around the turn of the century, and my grandfather Costantino was born to Italian parents Sebastiano Mericone and Anatolia Panetta in Argentina.My great grandfather was a gaucho (cowboy) who travelled quite a bit, but my grandfather was raised in the hills of Rome with his four siblings until 1925 when the family immigrated to the States through Ellis Island.