If you have the financial health to cover the monthly loss (difference between overhead & lease payment) and hold for appreciation, that's a different topic.

I have an elderly ill father with two mentally handicap brothers in the state of Florida.  

Mom and Pop manage it, with their motivation to sell being health and age related.

You made a good point of what if something happens.... need to think on that a bit more because while I would say yes I am comfortable about having the reserves there is no telling what happens job wise, health wise, etc for a decade... not to be morbid.

One family finally moved out after a series of flooding incidents left them with health problems and a decaying house."

But micromanaging becomes mentally exhausting and drives away good business partners who are more than capable of handling their piece of the puzzle.

I would not worry about health issues from the tower... 

(This is a common result in health insurance applications when you fail to disclose complete medical history).

Have enough “employee mentality” family steering me away.

Use the mentality that your offering an opportunity instead of asking for something3.