@Barbara Pinto, Mount Dora is very small, but does have a several block area near downtown that wouldn't be as attractive or command rents as the rest of the city. 

Section 8 program recipients should have a letter or voucher - this will be the most accurate way to find out rental amounts from Sec 8.Voucher values increase from time to time so our best source for this information has been through connecting with local Section 8 and City Fheps program coordinators.

Are the subject properties actually in the wave of gentrification or are you pushing the line by a number of blocks?

Scott - rocks would make mowing difficult, however that makes me think parking blocks might just work, thanks 

I canceled the lease signing and now drafting a letter stating we are unable to accommodate her request and willing to refund the application fee.

I've got a couple places within a few blocks here. 

Prior to closing get an estoppel letter from the tenants outlining the lease terms, deposits, verbal agreements.

I would fire your lender for giving you a pre-qual letter to make offers without fully vetting you as a qualified buyer.

The seller said they would provide a signed letter from the tenants and seller stating that the deposits had been returned to the tenants.    

Let me give you a taste of TRUE lead generation.0 dollars spent0 budgets managed or figured out0 seconds spend on the phone0 letters sent0 mailers purchased0 effort spent0 postage0 calls placed0 angry callers received0 bandit signs placed0 Voice mails sent0 texts sent0 bandit signs placed0 fingers lifted0 effort, 0 stress, 0 work put into this (other than setting up the system 5 years ago).I am still waiting for ANYONE to challenge me on a better lead generation method.4.