The strategy worked great, but without having any experience with the loan product, combined with signing a sales contract that had removed the protections for me regarding contract termination and return of my $10k earnest related to the approval of funding, it made for a very stressful process. 

I have not read his $200 book or signed up for his $2,500 course that tells you how to do it, but he has lot of folks that sing his praise. 

The housing authority is a bit like a co-signer for the lease so they would just decline to sign on grounds of an unqualified property and the lease would never execute.  

Hello all, I had my first tenant sign a 12-month lease agreement at my property in Alabama on July 1.

Go after the tenant who signed the lease for all costs and lost rent associated with this. 

That makes sense that new development may not always be a sign that things are turning in the near future.  

You probably should have read your lease when you signed it.

Yes, I inform them that they will sign a lease.

Sale-Leasebacks have inherent challenges because the tenant/seller is incentivized to market the property in such a way they get they price they want, but if the entity who signs the lease is weak and there's no personal guarantor, they could stop paying rent the day after you close leaving you high and dry with very little legal remedy.I don't know your market, but in my eyes, any 10% cap offering is either an extremely weak tenant OR a tenant that has very little term remaining with no plans to renew.If I were, you I would very seriously consider how much I like the real estate and what my odds would be of refilling the real estate with the same or better rent and/or a better credit tenant once this tenant goes belly up.

So yes walk away, the sign says it all if I am reading that right?