There can be any number of reasons as to why the road remains private, but as Bill Gulley mentioned already, it probably is deficient in meeting the code or design requirements to be dedicated as a public road.

The park now pulls in over $13,500 per month.The owner agreed to pay property taxes (the park remains in his name for tax benefits), and I pay insurance and all other park related expenses.It was a lot of work but worth it.

Your attorney will be able to help you with drawing up this agreement.An attornment agreement is the written acknowledgement of a tenant that the tenant will remain in the leased premises under a new owner according to the original terms of the lease.

Yes you can keep the deposit to offset costs of remaining rent owed to you.

Should have been based on other satisfied clients, quality work and crew etc..

I have effectively taken over the place, but for the cost remaining on the house know that I could pick up 2 other properties in the area.

There is a thread here "Profits in Non-Profits".If you'll better describe what you have in mind, besides "educational" matters, it will help.Any business structure like an LLC will have the requirement for the intent of profit to remain in good standing, not that you need to make big bucks, but you don't want just a shell without activity either. :)

But it will remain a store of value because people know what people know.

If there is going to be a wraparound (or Subject to) mortgage make sure you buy a title policy through a Trust friendly (build rapport for future reference and deals) title company as to satisfy The Seven-Day Notice Requirement: Sec. 5.016(c): "where the purchaser obtains a title insurance policy insuring the transfer of title to the real property" Even then, you are still closing a deal without protection of your assets.

The borrower must willingly and without coercion give title to the Mortgagee in lieu of the foreclosure action in exchange for satisfying the debt that is owed.