After this thread I managed to speak face to face with some seasoned financial advisors.

There are several other surrounding neighborhoods, both with new construction and established homes that make up the large subdivision.

Destler) was an engineering advisor of mine...

Currently in the process of getting my real estate license, but also want to establish an LLC. 

After some research I have found Hair salons, massage places, coffee places, laundry mats, dry cleaners ( High profit from what I heard ), coin laundry's, car washes, and newly maybe subway's.My plan was to buy an existing established business based on revenue.

Can you revamp the current agreement with the tenants in order to establish something more secure?  

And exactly, we are both doing this in addition to our primary incomes -- he w his established contracting business, and me, currently w my health care management position, from which I'll retire early for a career change to Realtor (my exam is next week!).

The trade off is significant and you should consult with your tax advisor before making such a move.  

Mail your final report on return of deposit before the deadline established by the landlord-tenant laws for your jurisdiction.

Additionally, it is good to start establishing those relationships with title companies and lawyers