Solution:  Only hire contractors certified and registered under the RRP rules and do the best you can to make sure they are following the correct work practices, documentation and clearance tests. 

keep in mind they were aiming for 5% and it still nearly eliminates the incentive for the only solution, new supply and maintaining the existing supply through value add programs. 

I hate this guy, but this statement sums up much of modern society:

Is there an all-in-one solution?

My guess is that behind such specialties as a solution to every thing that comes along, you'll find someone who lacks knowledge, manipulates others to facilitate a transaction, someone who will be defensive about what they do as an ethical stance, that attempts to use loopholes or convoluted strategies as a marketing aspect convincing others that they can avoid matters that may restrain business.

Looks like you found the ideal solution.

If you plan to do any kind of marketing for this property, you'll find that you get sellers of all flavors, and the solution or exit strategy can be just as varied.Not too long about, we had six seller appointments in one day.  

In traditional legalese, "executed" meant a contract where all obligations have been fulfilled, and an "executory" contract was one where parties still had to perform.In modern terms, "executed" often refers to the parties signing the contract (or otherwise agreeing to it).I have bought a few properties from Fannie Mae, whose deed contains a 90-day restriction.

Your in a tough situation with no easy solutions that are not costly.

@Tom MoleI live in Sherman Oaks Studio City and I agree with you you need to think creatively in Los AngelesFind a problem and offer a solution that's where you going to get the valueOn small apartments or 6 to 8 to 10 units find a mom-and-pop landlord that is pulling their hair outYou can take a look at master lease options which you leased the property on the master lease, and have an option to buy the property based on the low noi or net operating incomeI would use private money to turn the property around and raise rents and increase services and decrease costsApartment accounting is a little confusing and I do enjoy @anthony chara s training on apartments@Anthony CharaIt's online it's not that expensiveIf you're in LA I would not try to do single-family house Buy and hold investingGood luck!