I had one offer that did not fly.but it will happen..its only been 25 years.. but I love land in the path of progress pay cash for it.. let it sit and germinate then cash in.I know appreciation folks say is a gamble but its a calculated one and were the big money is made.

I do not know the laws and do not have a solution short term but I am thinking, if you can set clear expectations with him how it will play out, he may realize that he is gambling with the idea of free rent verse forbearance.

It is akin to gambling and investors are not gamblers.

It is a gamble to say the least.

I gambled and told them NO---that he owed that amount and I was not willing to settle for less.

You are gambling and making assumptions on things you have no control over like interest rates, employment, etc.. 

I was real close to trying one on the lake property here in central Fl .. but i let a top real estate agent talk me out if it .. if my numbers were even close ..and seeing how i could get the property with a tear down house on it for $100k w/ the house torn down .. then i was looking at putting up a 35-3700sqft container home for right around $200k and with homes in the area fetching a average $230-270 a sqft .. i figured i could have made a tidy profit for me and my partner  .. ..note ( even though the property was lake front , there was a active rr track right across the street which is one of the main reasons i passed on building anything there ).. i dont have a ton of my own money to gamble with and , i certainly dont like to gamble with other peoples money to the tune of $300-350k unless its a no brainer which means its not much of a gamble.. let us know if you do and please post costs and pictures .. i think its a great idea ....oh ya .. there are used ones and then there are one time use ones .. they cost a bit more but if you are worried about dents and what not then i would pay the xtra ..

Dont drink, dont smoke, dont gamble.

It's a gamble I suppose however these types of tenants can be big problems.

I believe there are plenty of careers that provide high levels of personal satisfaction and are not part of the so-called rat race.If you find yourself in 'job hell' there are several avenues out, none of which involve gambling your time and money on building a business which statistics say will probably fail.Living below your means is a tried and true method of building wealth.