Here's the issue/question: I feel like I'm leaving a lot of money just sitting in this land.Does anyone know about the possibility or legality of fencing off a 1/4 to 1/2 acre of the land and putting a mobile home/ tiny home for rental use? 

The intent is to prove your poor business practices/ attitudes when in legal disputes with your tenants.  

If they have a weakness in residence/rental history, income/employment history, financial/credit history, or legal/criminal history, but generally meet all of your significant requirements, then collect more security deposit to cover your risk.You can download an example of our Rental Criteria, as well as Tenant Screening Questions, from the BP File Place if you're interested in seeing some examples.

Do not rely on it as legal advice.

Hello all,
I am new to the real estate investing world and I am considering the path of rental properties but one of my major concerns is the chance of lawsuits against the landlord. We all know accidents can happen ...

I would suspect it has since the lender wants to accelerate.You could do a quick claim deed back to the owner - that should stop the legal  action.

Hi,I had this question in my mind always whether I should serve the legal notice every time tenants late with rental fees.

I would not require any structural improvements to the slab at this time, but I would recommend the owner maintain the following items in the future:Maintain grading around the foundation of the house per the attached specificationsKeep soil near the foundation walls moist during dry weatherExpect cracking in floor, and seal with flexible sealant when visibleThe proposed maintenance is designed to retain strength of the foundation.

But will the rents be legal?

In addition, if you chat with an attorney, you can start to get yourself familiar with the rental laws now, before you come upon a situation where you need to know where you legally stand and what your rights are as a landlord.