They assure that I can make money in real estate regardless of the economic climate if you know every property within your farm area.

If the board of health or similar authority gets involved at some point in the future and the foundation damage is discovered and you did not properly fix it the house could be condemned.

Then there was an excuse he couldn't move because of a health issue and couldn't physically do it.

Gary is an economically depressed market.

Thanks you so much @Rick Fagan:I guess with the social economic population in the parks I will find myself dealing with this kind of cases often.

Just my opinion, based off Austrian Economics, the Keynesian will tell you the opposite, but you see what happened in 2008 when they thought things were still under control.  

My concern is that if I buy now with such low rates, it may not be wise to plan, or expect, to refi down the road because rates could jump up so high to make it not economical.  

Usually through state board of health. 3.

What is your current and projected economic vacancy?

That sounds like the most economical approach right now.