If it is worth 250K now it most likely will be worth more in the future.

I fund a lot of folks that do this. its just wholesaling dirt .. nothing sinister .. some try to actually buy it others try to tie it up and assign contracts.

Quote from @Sidra Amir: If the boat was there when the tenant applied, or it was at least disclosed to them that it would be there, then there's nothing you need to do.

How do they pay?

@James Dickens do you know any investors that’s buying single family in new Iberia?

Take that equity and redeploy it. 

Given that your property has been subdivided into two rental units, it should indeed be compared to other multifamily properties in the area, not single-family homes.

We own our property in an LLC, definitely some long-term appreciation and/or development potential and have various business ventures, but nothing that's pulling in large net income....yet.  

Most people have a mortgage on their home when they sell it.

Is there an energy company (electrical and Gas) that will do roll overs?