Also, unless you have the expertise, you don't know if these are buildable lots, or have an elevation problem, soil problem or drainage problem that would make them difficult to build on.

Collect rental "land fees" since I would finance the home to the buyer and not the land underneath the home. ($175/mnth).Challenges would be: finding a good area to build (would need to be near/within a city in a decent enough location); permits & legal issues; and finding buyers if I ever do this (though I'm hoping that the no-money down 10-year financing will be enticing; I would check for proof of income instead of credit history).

It is hereby agreed that such condition shall be for the exclusive benefit of the Buyer and may be waived or removed by it at any time during the Feasibility Period by delivery of written notice tothe Seller.Seller shall provide to Buyer all of the following information and documentation (hereinafter called the Review Items) to the extent that it is in Seller’s possession, within five (5) days from the date of execution of a Purchase Agreement between Buyer and Seller:a) Copies of any and all ground leases, residential leases [which shall be made available to Buyer at the Property], easements, land use restriction agreements (if applicable), deed restrictions, liens and deeds of trust, and any other documents encumbering the property.b) A complete set of as-built building plans and specifications of the Property and all improvements thereon, including all structural, mechanical and electrical plans andspecifications, to the extent in the possession of Seller;c) Copies of any and all existing soil, environmental, structural, mechanical and other consulting studies or reports pertaining to the Property and any improvementsconstructed thereon which have been completed within the last three (3) years, to the extent in the possession of Seller;d) Copies of all financial statements pertaining to the operation of the Property, including income and expense reports for (a) the last three (3) full years and (b) each month of the last twelve months, to the extent in the possession of Seller.

To me this is a small peace premium to pay relative to blood and guts of young folks and the upheaval of war on our soil.

However, this does differ from selling a piece of personal preoperty (mobile home) while leasing or renting the land underneath it.

Tenant friendly would be soft and comfortable, like thick pile carpeting with top dollar padding underneath.

There have been no changes to the structure whatsoever in the 8 years that the house has been built - therefore, if it was built as not a carport, and there have been no changes 8 years later, then it is still not a carport - no matter what is housed underneath the roof.

Many houses in the north have a drain valve underneath the house.

This is now our second terrorist attack on US soil in less than one year under the Obama administration.

Off the top of my head this sounds like a hard money scenario, as your seller is going to need 20% down from you and 3-6 months seasoning if he is to sniff .80 on his note (which still leaves him at 64% of his asking price + your down payment).Try to see if he REALLY needs the cash now or if just wants out from underneath it.