@Brett Snodgrass@Chris Wood@Kimberly Schmid@Ben Leybovich(no comments allowed from you, lol, I already know this pig was fat with trash, though soon with will be fat throwing off cashRyan Dossey

He's with Self Storage  101.  

The property is on Well water, so there are no water bills, and there's a huge unfinished basement that can be converted or used as storage...in other words, I wouldn't discount this option.

In fact, if the lease does not obligate you to provide appliances, tell them you will remove the refrigerator (just put it in storage for the next tenant), and they are welcome to purchase and install a lease of their own.  

They really don't need it for storage because there is plenty of storage space.

Like I didn't know I wanted a fat juicy Carl's Jr burger dripping down my face and shirt til I saw the billboard(years ago).

My strategy though was a long-term hold and to use the large lot for storage.

Have you looked at self storage as an assett class.  

It is in pretty bad disrepair, with the biggest and most obvious issue being the mold that is in every room of the entire lower level of the home (it's a 5BR, 2BA (~2000 sq ft) split level - lower level has one bath, living area, 2BR, storage space and utility room).

Personally, I am inclined to use that money to purchase a self storage facility....it goes without saying that I would not just buy any facility.