While having an established business as a tenant is generally a good thing, my concern is the fact that it has been around for 20+ years. 

When was the ground rent established?

I am VERY new to the game (just officially licensed yesterday) but I have been reading a lot on BP since I started the RE journey 8-9 months ago.

They have more skin in the game then you do.Make sure you get clear title.

As you may know, real estate investing is a numbers game; and the more offers you send out, the more interested sellers will call you back and the more deal you'll close.Happy to help further.

All good thoughts, in regard to the pros/cons of a 30 mortgage versus 15 years, as related to the end-game of producing monthly cash flow from a property, which, as a CPA for thirty years, I understand the finance concepts; however, I completely agree with the way that @Joe Villeneuve explained it, very simply, that "cash" is a verb, i.e., cash now, can be used again, and again, and again. 

The past five years and the associated learning curve has left me with little expendable cash so I need to play the waiting game for a bit and build some capitol.  

I think leaning more towards Foxridge due to it being a more established neighborhood. 

I’m ready to get in the game.

Taking a deposit from tenants helps to mitigate the risk and may keep you from having to file an insurance claim in the event that there is any damage to your unit, plus if the tenants have "skin in the game" in the form of a deposit that they are at risk of losing you may have a better chance of renting to a tenant and getting your unit back in tact at the end of the lease.