I think if it's vacant 30 days, then a homeowners or landlord policy will deny any claim filed.

Like many (most) businesses it requires an investment of capital; money expenditure for ongoing marketing; management of operating, marketing and professional personnel; keeping accounting records and filing tax returns; established sales practices; constant monitoring of goals, budgets, and productivity; establishment and implementation of operational systems; and providing customer service.  

(a) Any person offering to redeem must pay to the then holder of the legal title the value of all permanent improvements made on the land since the sale, and if the holder of the legal title cannot be ascertained, payment may be made to the circuit court of the county having jurisdiction of the subject matter when the complaint is filed to redeem.

I can’t file until the 21st according to state law.  

So I had to file for a dispossessory proceeding, but it was short lived because I received rent from him on the 15th of the July.

I did some digging and they had been operating for a long time and had numerous complaints filed. 

File all receipts in a dedicated Google Drive folder.

I'm wondering if I should give the new owner the entire tenant files or just copies of the leases.

Q- How do THEY report the $60K we are paying them for this OPTION  when they file?

Collecting rents is super easy and the bookkeeping features allow me to track all revenue & expenses for each property in a manner that makes filing my taxes at the end of year very easy.