Thanks for reading and thanks in advance for any responses.

Thank you for your response..

He did get an attorney and they need an abstract of title and survey etc.

It is helping you weed out bad tenants.If they are not financially responsible enough to save that tiny amount of money they are just a breeze in the wind away from not being able to pay the rent.

You could charge a bit of a higher interest rate, require a decent down payment and discuss that you’ll be there to give advice and help, but they are responsible for the whole ‘business’.If you do your vetting properly and help them succeed, you could lower your tax bill and create a long term income.Maybe this is a terrible idea for real estate and/or you just want to dump the homes and walk away.

I feel like competing with them is hard and the response to my listing it for rent is proving that.

@James Wise Thank you for the response.

He is equally responsible as his PM and contributing to giving our business a bad reputation.

You would still be responsible for closing costs.If there is still a loan on the property - you may be subject to the due on sale clause.You may be required to file a gift tax return upon gifting the property to your mom.

I do know for a fact that when mail lands on heavy mail days then the response rate plummets because it's likely people don't want to open that amount of junk mail.