So, assuming the store front could remain empty for long periods of time without the mortgage being in jeopardy, where is the risk that would be keeping lenders away from it?

Also almost everything we bid on sells for cash and no option period. 

The borowwer would have to tell you either thier period of service of thier beginning entitlement.

You should line through the dollar amount so it reads like this:"...Tenant shall pay a late fee of $0 or 5% of the periodic rent."

With new law I feel there are flaws with our lease structure with the 30 day renewal period.   

We had someone get a ticket and pulled the carts for the rentals, probably cost us between 5-10% of total revenue but it was more important for us to keep our carts than not have them for an extended period.$2 mm house or not you will have headaches with carts regardless and in our experience it's just not worth the hassle.my recommendation is work a deal with a local place you can refer them to and get a small referral fee from.

I’ve had this happen in a similar market propped up by foreign investors and tourism (Costa Rica) and luckily was able to wait out the down turn but there can be long periods of time in this type of market where properties just aren’t selling at all even at a steep discount.

Purchasing a non-performing note can provide above average returns in a relatively short period of time, therefore providing the capital to purchase more non-performing notes and "churning" the funds.

The only periods when US real estate can beat US stocks is when money is free or close like it's been in the 15 years following the Great Recession.

This would make sense if you planned on holding the rental property for an extended period of time.