Sizes of truck courts and parking is important too. 

Charging tenants for repairs probably wouldn't stand up in court but I know a lot of Landlords do it.

The ball is in your court to do the research and to make a decision on the asset class.

If its pure verbal, it wont hold up in court.....Proving they cracked the tub due to negligence may be much harder to prove....

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and MF units that would likely cashflow (seen a few duplexes on CL, driving around, one of which was unlisted in a seemingly great spot in Charlotte for commute time and being forced to be sold via court order ;) )-- Still need to call the number associated with that one (didn't have a price).

The other risk is that if you come in and kick over the hornet's nest, one or more of the neighbors could go to land court and claim "adverse possession".NC might be different, but here in MA, if you use the property of another, "openly, continuously and notoriously" for a period of 20 years, you can file an action and potentially own that property.If you really want to remove that road, you need to block it off for at least a day to break the "continuously" element of the test.  

YUP when it was legal to do these in Or and WA It was my main business model.. we still bought at court house steps but only after we failed to get the owner to deed to us and let us buy sub too..Now this comes with risk.1. usually not enough time for title company escrow so you buying without insurance.2. old owner may squat even though they say they wont.3. bank can call the loan all over again but you have plenty of time to sell before that would happen.4. you miss something with your do it yourself title search.what you need is an Authorization by the owner signed with their SSI so you can contact the Trustee service that is holding the sale and the bank .. to get accurate payoff numbers.. then you simply get a cashiers check or wire to the trustee or service and reinstate the loan at the same time U prep a deed from the owner to you.. 

It appears my options are:1) Sell it.

Things are very competitive right now as we have entered what appears to be a very aggressive retail sales season.