The completion of a parcel split request by the Office of the Property Appraiser is for assessment and taxation purposes only and does not establish or constitute a legal land division or in any way guarantees suitability for the parcel(s) to be developed at any future date.

I would take @Jonathan Greene's excellent advise, take advantage of the high market right now there and sell and find something more suitable as a rental property.

You find a suitable property for let's say $100,000 the seller owes the bank $75,000 how to we purchase the property?

Most Mortgagee are happy with a suitable bid at foreclosure auction so they do not receive the property back, as Rich mentioned above.  

With 3 dogs & 3 kids, it's been difficult to find a suitable unit for us to purchase.

A recent study showed that 99% of American homes are not suitable for elderly residents.

You can finance up to a 4-unit owner-occupied property with 3.5% down, assuming your debt-to-income ratio is suitable.

Find out why you aren't getting these prospects to take applications in the first place too; i find even the lookers / tire-kickers will take an application just in case they can't find anything else "more suitable" for them.Originally posted by Jodi Slocum:...Some feedback we have gotten is the lack of garage.

So if a suitable tenant is located within the lease window, we must pro-rate that lump sum penalty and kick it back to the previous tenant (we cannot double rent the property).

A suitable property is located and an offer to purchase is accepted at $2m.