All Parties (current RTO tenant + Owner) have agreed to sell me the property (which I will not use my own funds, I will wholesale).

My point is we are a community not just a place to party in the desert.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

@Cody EvansI would say your next play depends on how involved you want to be and what your strategy is.

Your lease contract has ended, either party van part ways now.

As an outside party (in 2013) I was given access to the financial records, but as an owner, I no longer have access to these records.

., Arms length to avoid a step transaction would involve retail sales which would cause a recognition of gain anyway. 

Completing this form is very tricky, and I highly recommend you leave it to a tax professional who has done it before.Yes, there is some audit risk involved, but not much more than your usual risk of simply being in business.

Maybe asking about the time involved and legal fees so far can help set the frame of my offers.

I understand there are risks involved and being a landlord is a full time job; but what I wanted to know is if it's as bad as naysayers say it is.My dad thinks I should do it and said he wishes he did that when he was young.