Too, the borrower in this situation must carefully vett the source of capital available to himself in these situations; he could find himself in the middle of a money laundering scheme or as a front man for a drug cartel, where his eventual choices can be incarceration or death.  

Tread carefully and trust your gut feeling.

Tenants don't care if they don't pay.

In addition there are elderly people in need of assistance by way of assisted living.Is it possible to approach a land developer (apartment or assisted living/health care) about entering into a 100 lease agreement whereby I make the land available under a lease but they develop the property, manage it, and maintain the operation?  

I offer people an alternative and could honestly care less if the decide to sell to me.

Do management companies usually take care of grass/snow/minor issues in the ten percent or do they bill it out extra?

Be careful they are not trying to sell it on Pro Forma numbers rather than actual numbers. 

Good morning,I have a family opportunity to potentially purchase 4 units of an 8 unit condo property.

Fairly sure it's (only a bit more than) a third of an acre.

Make sure and reach out if you ever have any questions or if you want to grab coffee or something.Take care,Chris Parrish