Your remedies are to foreclose for a performance default (instead of a payment default) or reformation. 

about 2/3 of the repair costs were to gravel, grade and reform the road to the property.

I did not even write the following..I'm just cutting and pasting.)WARNING – PRIOR TO ENTERING INTO THE FINANCING CONTEMPLATED BELOW, SELLER AND BUYER AREADVISED TO SEEK THE ADVICE OF LEGAL COUNSEL TO DETERMINE IF THIS FINANCING COMPLIES WITH THEDODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT (DODD- FRANK) AND OTHERRELEVANT FEDERAL AND STATE REQUIREMENTS.I.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) expanded on previous efforts by lawmakers and regulators to strengthen loan originator qualification requirements and regulate industry compensation practices.

But, similar to MFH and SFH the returns are much better if you can scale up and payoff the properties.There are many other issues, labor shortages due to the immigration reform debate, hydroponics, etc.

Strong leases don't come from office depot or the standard state RE form agents use.

I'm surprised that no one else is discussing this on BP or maybe I just haven't found it but can you please share your thoughts regarding today's news, "Obama to back mortgage finance reform to speed housing recovery".

You may want to review the SAFE Act of 2008 and the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.Provided you are not in violation of either of those two Acts or do not see yourself falling into the guidelines of those Acts in the near future, then you may want to research these strategies and get the assistance of a CPA and an Attorney to create the required documents to execute the exit strategy of choice.  

----signed, Reformed Middle School Teacher :)

The law provides for remedies for lost physical security instruments and notes, they can be re-formed or affirmed as lost or destroyed and still carry the same legal rights they always have.