On a larger scale, by playing on the sentimental and empathetic nature of an owner, where the land had been owned since the Civil War (zero basis) and desired the use of land to benefit lower income clients, the owner was elderly and knew the use of the farm that was inside the city limits would change, it became a manner of ensuring how the property changed, BTW, this owner kicked in cash for the development as well.

It should be considered elder abuse!  

I have extended several under market rent leases and continue to do so for some of my elderly tenants on fixed income.

NO COMPASSION FOR HUMANITY NO RESPECT FOR THE ELDERLY MONEY GRUBBING (3 X RENT CONTROLLED CHECKS - devil gotta good price for that sole)Bev, do you OWN any rentals at all, or do you just waste other people's money?

One thing I didn't mention, is that my mother committed suicide (by gunshot) there in 2009...When my father's dementia started getting more serious, early this year, I hired an elderly-care manager to handle a variety of tasks like getting him to doctors (he wouldn't go with me), and eventually transition him into assisted living, where he is now.I was initially thinking of selling the house to pay for his care, so I discussed it with her.

I've only had one problem tenant for collecting rent and that was someone that was up north and I let an elder person help qualify the rest of his family.

@Jon Holdman, I emailed the agent, with a list of the issues, and why the property wasn't worth the $250k per lot, so that he might be able to use it to get his seller to understand reality, as the sellers daughter (an attorney) wants her elderly dad to sell the property so he can move closer to her, therefore; maybe he will relent and take less.

**Percentage of Population without Health Insurance 1stScholastic Assessment Test (SAT) Scores 47thPercentage of Population over 25 with a High School Diploma 50thPercentage of Non-Elderly Women with Health Insurance 50thRate of Women Aged 40+ Who Receive Mammograms 44thRate of Women Aged 18+ Who Receive Pap Smears 47thCervical Cancer Rate 5thWomen's Voter Registration 43rdWomen's Voter Turnout 49thPercentage of Eligible Voters that Vote 44th**Don't forget 1st in killing innocent prisoners too**Add to this list that Texas has the highest rates for home insurance, 25% (now 50%) higher than 2nd place Louisiana.

I am sure you can find a tenant who is looking for an in-law suite for an elderly relative or younger teenager. 

And if she signs a contract it could possibly be deemed elder abuse that we took advantage of her.