Control the damage, and make it one stop shopping for the tenants.

Close to Germantown Ave it's also walkable and lots of little businesses, coffee shops, etc. 

Make sure you shop around until you find 1-2 that work best for you.  

I'd like to shop rates for 30 year fixed loans to finance SFR's in Baton Rouge, Louisiana.

I worked in AL acquisitions a couple years ago, This looks promising, make sure to secret shop all the comps within a 10 mile radius.

Businesses closing up shop to relocate?

I shopped around, but ended up going with AllState.

Here is some important information32 UnitsClass C property in a B neighborhoodA block from nice shopping, restaurants, etc.Original owner held since building in the '60's, recently passedOwner's daughter is out of state, with no experience in real estate (she is a lawyer though, so not clueless)Expenses appear very high (reported 75%)Many tenants who havent had rents raised in 5-10 yearsRents sit around $0.73/SF, there appears to be room to take them to $1Here are where things get interesting:Reported FinancialsGPI $222,000Expenses $152, 327NOI 44, 646Based on the expenses, I am comfortable saying that I could remove some, (for example, they are paying 2 management companies, one of which is family owned, I believe to reduce taxes).  

If you have a Shop-Vac or equal vacuum that can stand having water in it, you might apply it to the outside end of the drain a couple of times a year, just to get rid of possible crud in the drain pipe. 

@Dan Kelley - I have friends who have a European car focused shop who has been searching for a qualified technician for a VERY long time.