I guess he was brought an offer and knew we had an interest if ever the opportunity presented itself.

well, BRRRR is usually a rental cash flow play... but if it is pretty much a wash monthly... then it works I guess for appreciation too... just a lot of risk for vacancy at that price point...  

I guess it truly comes down to if I live with my roommmates in a home closer to downtown (which I would enjoy as well); I would have more control of the tenants as they are my college roommates and long time friends.  

@Joey BiccumI would venture to guess that anyone in your area who chooses to rent a place to live for $1900/month has made multiple housing decisions about their lifestyle that are unconnected to any sort of poverty they are experiencing.

My guess is that this may have happened: we've had sub-4% mortgage rates for approx 10 yrs.

I am guessing not much.

This year was a bit topsy turvy but I guess I'm like most folks saying ok at the first of the year I will.... 

Problem with that is I don't get my money out to go on to the next deal.I'm guessing to go over to commercial and get my money out, I'm probably looking at--what?

And, I am guessing it is not a capital-hungry business when you will be reinvesting all your net income back to the business.

well I think most land contracts are universal through out the US.. its a two stage process.One default of the land contract.. then an eviction as the owner of the land contract is now a tenant at sufferance.Now I could be wrong but that would be my guess.. get the land contract foreclosed  then file for eviction.