The larger parcel that this lot was carved out of had only changed hands once in all those years, but the current owners lived out of state, so the title company had a bit of trouble getting all the signatures they needed.

I'm an OOS investor in multifamily, didn't have much trouble for things under 3 million.

Hi! My name’s Maverik and I’m a 19 year old from California. I’ve been interested in investing for about 6 months now and I feel like I’ve barely scratched the surface in my Real Estate investing career. After countle...

tab=financialsWith an all cash offer, this house only produces 5.1% CoC. 

So why would you want to put yourself through this much risk and trouble for a 11 space park?

If you don't, then you're just inviting trouble. 

Keeping you out of trouble with the State (the general rule of thumb is if you are practicing real estate for other people (i.e. buyers and sellers), for compensation, then you need a license.)

I am worried about what could happen and liability issues.We don’t have trouble with vacancies but people do complain about no on-site laundry room.  

Are there any landlords in the DFW area having trouble finding good tenants or have a vacancy? 

Since they seem to only be a source of trouble, I'd have them vacated.