Wouldn't be a wise move for her. f she comes back saying "oh that offer backed out so your earlier offer would work" then you might be right with your suspicions. 

And it would certainly be wise to have an attorney research the issues for your state.But a parking lot owner certainly has the right to have a car towed or booted for unpaid parking fees.

Is this wise and even possible?  

I'm not sure that someone with your background would be wise starting out landlording with low income though. 

James Wise has a good response to this in his posts.

I realize this may not be available in the Austin market, but reaching out to the community just incase it's worth looking into while I'm there.Price wise I'm pretty open so long as the numbers look good (although as a newbie I don't want to stretch myself to far as I'm learning).

Not sure what's out there product wise but if you could find a lender private or otherwise willing to lend against your portfolio that might work as well.Otherwise it'll be an exercise to determine the investments with the greatest/least gain attached to them.  

What types of cap rates and CoC returns are you seeing as I can't really find anything on the MLS that makes sense cash flow wise with 30% down + relatively conservative expense estimates. 

It seems it would be wise to take a slight reduction in rent as opposed to taking a worse tenant.

@Lakeem Anore I appreciate the feedback  and the wise tips.