I wonder why this isn't more commonly done then.

I'm fairly confident the current owner wouldn't want it to happen, because let's face it, he'd like to pocket the 12k and sell it for 50 again.Is there any kind of a play that will let me pay the remaining $38k and give my friend a few thousand so he's not completely out all his cash?

Ground rents are common in the City and County, have existed for 200+ years, and are accepted in the market.

What are your opinions as to this kind of arrangement.

What kind of investing are you looking to do?

So they take a below market commission and then after giving half to their brokerage the only way they make any kind of money is to double end it.

Michael Kantar One way you is to work different kinds each summer being hands on in the craft.

The only "heir" found was her brother, but she was very estranged from him, so it was a "there's no one else to claim her stuff" kind of thing.

It's fairly common for owners to list the wrong mailing address (intentionally or unintentionally).I've even seen vacant lands list vacant lands as the mailing address . . .

, and one common thing I hear is that focusing on cash flow when buying will help you get through the downturns.