I know it's easy for the experienced to forget what it's like to be in the inexperienced shoes, but I need to start somewhere. 

You are buying the house worth i.e. 120k and you are getting a 60k credit for taking the land, so you pay 60k at closing.I recommend everyone interested in the sub100 markets to spend a day in the shoes of a property manager in that area before pulling the trigger.

., I was in your shoes a few years back, and considered a lot of those same markets.

wouldn't mind being in your shoes.

I will not waste my time on an open house with curious neighbors, bored realtors and competing landlords.I am not afraid to adjust my asking price if I am concerned about losing out on a month's rent.I never follow up with a tenant- I don't want to shoe horn someone into one of my units and I don't adjust my standards, practices and rules.I have nice places, but even still- when a potential tenant shows up and they have to wait to be shown the unit because of others in line, it does something magical.Best of luck.

I concur with earlier comments (based on personal experience where I was in the Mom’s shoes).

If you were in his shoes, what would you do? 

At some point i was in your exact shoes (4 months ago to be exact), and i came to these forums to get all of my questions answered.

Sorry to hear about this bad situation.In your shoes I would do nothing that in any way benefited myself. 

It was a double blessing to get a new pair of shoes.