Condo located in a resort stile community with pool, lake side gazebo, racquet ball and tennis courts with a state of the art fitness center.

They are doing deals and looking for limited partners to buy apartment complexes.

Raising the rent a little bit every year for tenants who renew their lease is common in OC, but more so for multifamily buildings and apartment complexes... 

The one time I talked to one, I was told they don't deal with new development of condominium complexes (either debt or equity).

The ball's in their court - not yours.Of course, judging by the summary and their e-mail, if they do decide to stay and pay the new rent expect them to call you every month to fix every little thing. 

This property is a 30+ unit townhome complex in a rural area so there will unlikely be other comps to go by for the tax assessor other than its own sales price, so I'm expecting tax to increase post acquisition.

Hey everyone,I am looking to get into the building and managing of apartment complexes and I would need a joint venture to fund the project.

There was even an episode of "People's Court" aired about just this.

If you decide to have her stay I would not get in the middle of his court battle, she can file a restraining order against him, he will still owe on the rent but not be able to legally return. 

If they are not out by November, the courts will keep them in for free until Spring!