If nobody is going to bid that high the lender simply takes the property for the minimum bid.

Simply stating that people have believed for a decade or so is not sufficient.Regarding Bitcoin being a currancy, that will never happen until its value stabilizes. 

We have made the decision to list the place for rent and then simply communicate the situation with the tenant. 

Yes you need 5 people per bedroom. 1 single person short and the Sheriff will simply leave and you have to start all over again.

. - Simply put, no.

But because this was not an arms-length sale, the tenant could simply be notified of the change in ownership and where/who to send future rent payments.

We did 'win' one at auction that I could not enter without my eyes watering & dry wretching, but the young couple I hired to gut it had no problem.

So there would be no way to pull data from a PM system automatically unless I had my own PM system where I re-entered all their data which would be a huge time waste.

Like Mija noted, they cost real money and time to maintain, and I simply was not deriving enough value from either.I had no intention of GC-ing jobs for clients, which is about all it would have allowed me to do that I can't do already.  

Luckily, my brother is a software engineer so he put together a website where new tenants can simply click on "apply."