Because the cosigner is not responsible for mowing the lawn or reporting maintenance issues, they have no rights to the rental, and I don't want to communicate with them about anything but the money. 

I am a new real estate investor looking to buy my first multi-family home as a long-term rental. 

If it's an issue of paperwork, fix it and you'll be paid.

First, I requested an amicable parting of ways which the PM agreed to (multiple differences of opinion, cleaning issues, etc.).

This can give you insight into what to expect and whether any issues might arise.Lease Terms: Review the current lease terms carefully.

I am going to go check them out for an OOS investor this weekend.This specific area is primarily large apartment complexes and small multis, with B class SFR subdivisions directly North of that.

They are getting what they really want, and you are crafting the deal to where it will still make sense for you.One potential issue is if what is most important to them is also important to you.

From a strictly sales standpoint you think multi guys do better than industrial?

Investment Info:Small multi-family (2-4 units) commercial investment investment.

I want them to have a safety net.