Most of those areas are closer to downtown but still can make mighty fine rentals if you have a strong gut for the tenants there.

She has been there for three years and is never late on payments so I prefer not to give her notice.I was thinking I would offer her a year lease (with a deposit of course) at slightly less rent to ease her pain/fear of committing.

As part of your purchase, I would strongly recommend you get free lot rent.

Or commit to a program that forgives them.One option I do not recommend unless you have access to a lot of cash or someone you know is filing bankruptcy but has credit limits free.

I see the benefit of paying a membership fee which gets "skin in the game " and commits people.

What if the new owner runs the business into the ground or commits some illegal act, do you want your name associated with that?

This is in Florida so the roofs do darken over time due to the strong sun we get in Florida.

I second J Scott's comments strongly.

Unless there is a strong potential for profit in an 'As Is' land sale move on to a quicker turn around deal.

We rent to folks without SS#'s, but they have to be strong on all other qualification criteria.