That's unique factor to U.S.. 

current tenant couple have been late a few times now. always pay + the late fee, but i've noticed a pattern...Nov Message:Hello  just a head up but out rent will be late this month we had an emergency come upDec rent message:Good morning, we have not forgotten I was moved to a different division at my job which push my pay back a week because that department is not on the same case schedule as my last one very short notice it will be paid including the $50 on the about sorry about the two back to back late payments but it was beyond our controlJan rent message:Yes rest was due yesterday but the bank was closed Saturday and Sunday so I'm really not understanding the late fee but sureMe: we gave you an ATM card so that you are not dependent on bank hours. 

Also, I do think it is possible to do a 2nd mortgage for the balance like you were talking about instead of seller financing, but we are in a unique situation where we could do seller financing and be ok with that.

To assure the maintenance of a high degree of competence, Members should only hire individuals with the requisite amount of education to reasonably perform their job responsibilities and affirmatively train, monitor, reward, and discipline their employees.A Member is aided in attaining and maintaining its competence by keeping abreast of current legal literature and developments, participating in education programs, understanding the uniqueness of issues found in particular asset classes, such as auto, medical, or utility.A Member should not purchase or manage receivables in any asset category for which it does not have adequate knowledge or capability to handle.A Member should act with competence and proper care in dealing with obligors and their obligations.

No two people have the same unique combination of nature and nurture, and I will never be able to fully understand exactly what another individual is experiencing and why."

The property in question has been carefully evaluated for its potential return on investment, and I believe it presents a unique opportunity for profit.

LOL So now each of my LLC's that has a different project has to have the developers license. its a pain there is no test but its a bond and insurance and not every one can get bonded these days.I know having done a lot of work in Chicago how tough that city can be as well.. no one is going to teach you this you just kind of learn it.so bottom line unless this person has some very narrow niche // or its just a raw raw thing to motivate you  chances are there is nothing unique and I am not talking about getting rich with tax overages or some of the other things that get recirculated constantly. 

Definitely a unique market, I love it!

Along with my 2 business partners I buy & build small micro-resorts and unique vacation rentals across the Appalachian region.

I think some of your exit strategies could be to reposition and add some unique features to your rental to attract more renters and potentially drive a higher price, 1031 exchange and move it to a different area or even market.