If he didn't want it or can't afford it, I would have reward him with 60 days time to find another place, then find a new tenant that can pay what it is worth….  

Consider the risks vs the small reward...

How do you balance the risks of holding during a market dip versus the rewards of appreciation?

Its a steep learning curve but very rewarding if you stick with it.

People reward you with there appreciation and $$$$. 

Though I would caution you on hard money lending until you understand the industry a bit better, that can be very rewarding but you have to be able to do your due diligence on deals because you're turning over your hard-earned money to an individuals project, often a flip. 

Patience and discipline reaps its rewards. 

So you have to weight risk to reward.. and sometimes we have to eat one that we bought it happens..

Its money well spent land development is high risk high reward.. depending on Jurisdiction. 

Furthermore, if anyone knows of a third party that provides the data or is interested in periodically gathering the data for me from the county courthouse (for a monetary reward), please reach out.