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.

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.

Looking at the photos, those surfaces are totally serviceable and any change would be cosmetic in nature.I would let the tenant know that small cosmetic changes like decorations are fine, but larger or not-easily-reversible ones like painting a driveway need owner approval and would be at tenant cost.

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.

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.

Your profile and post mentions Philadelphia and New Jersey.There are unique tax implications between those who live and work in another states as there is a reciprocal agreement between the two states.