Chris,You are putting the cart before the horse.

@Ned Carey  agreed Ned one horse town.. town loses horse town dries up. don't want to be investing in real estate in that scenario.. and renting to old owners ( if they are foreclosure bail outs) is really tough I tried that for a few years and they NEVER work out.. and subsequently the state of ORegon made it illegal..

Saves the $1,000 attorney fee, and get's the person out quicker, which typically results in less vacancy.Lastly, when you say you don't want to "deal with this horses#it again."

Don't punch a gift horse in the mouth.

It's a small horse farm and there is a good bit of work there outside now to get it looking like a home again.

Francisco - My folks live on horse property in Waimanalo.  

However, I'm looking to invest in Mobile and Huntsville markets".... there is an old but very wise Spanish saying that when translated it basically states:  "only the owner of a horse can keep him fit, fed, and well cared for"...

You already answered my questions and I there is no need to beat a dead horse. 

each jusrisdiction is different.. talk to the surveyor and ask them what you need to do a lot split.. that's the best way to get to exactly what you need to do.. the rest of just speculation... you need to go to the horses mouth ..

In the last 150 years we've managed to come from a Horse and Plow to a John Deer, from a Horseless Carriage to an Automobile, from a Bi Plane to a Super Sonic Jet to a rocket to the Moon and back, from the Mayflower to the Queen Mary II. from Black & White TV to Big Screen 3DHDTV, from Super Mario Brothers to an MP3, from a "Big Momma" IBM that took up a square block on Wall & Broad to a tiny IWatch.