@James Conaway  The key is in guiding tenants to do the right thing.... to notify you of problems as they arise and pay for damages that they cause.

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My only hangup is that during my seasonal business I have to focus on that as much as possible and am worried about added stresses that may arise with the property.  

I would like to obtain a better understanding of how difficult this may be if problems arise.  

If you did the same deal on a single family, were able to avoid the $340 (permanent fixed cost), you would budget like $180- $200 for maintenance cap ex and vacancy (only a cost if those expenses arise).

There will likely be some future related legal events arise out of this and some unknowns are present until such time as concepts are challenged in court.

Is not the title insurance designed to take care of all the title related problems that might arise to a new buyer after the property is sold ?

What would be the anticipated growth of the business (more cash flow) arising from re-investment ... what is your rate of return?

you would want to ask what your security is.. and with a company of this size they usually have PPM type offerings or they are real estate brokers in CA  were their assets are and are doing fractionalized  interests in existing notes bringing people in and out as their needs arise. 

Since there is such a small margin on the cashflow side per month, I would also pay extra money each month into a reserve account (such as whatever you pay in rent now or what the basement would rent for) for when a problem arises so you have money set aside.