If the contract shows the correct legal description but also shows seller is conveying 2.11 acres, and that has not been amended, I think you have a reasonable argument.

Am I correct in thinking that with the two units vacating soon, the property will be entirely vacant in 2 months if you also move out?

Although the official language is English, it is comical sometimes let’s call it my failure to communicate.  

Correct - Track all your income and expenses.The bookkeeping will determine whether you are profitable or not.it will also be good to compare from year to year your income / expenses to see what expenses you can potentially try to limit.I.E.

Is she correct or am I spot on?  

There has been quite a bit of complaints in the past year of IHA mishandling payments or not paying at all and little to no communication.

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!

However, if I understand you correctly, are you saying it is not required to disclose it?

All lights were green and there was a pileup, leaving behind a mess of twisted metal and broken glass, and a few personal injuries to boot.The syndicator crowd coined the phrase "survive until '25" under the hope that by 2025 interest rates would correct and their deals would be fine. 

Clear communication and legal safeguards are essential for a successful partnership.