Are you betting on appreciation?

if it is free of charge then they will get interested...

I have elected to take charge of everything to ensure that the land is properly handled, farmed well, and produces a stable income that can provide for both my sister and I.I'm sorry if you happen to be a parent who's children have not appreciated what you've done for them, or you do not believe can handle what you have spent your lifetime building, and if it obviously your choice to do what you want with your money.

If this lease-option "buyer" is a relative newbie (and I'm betting he is), then I would NOT do this deal.

If you read the HAP contract you signed with Section 8, you would see that you are specifically prohibited from charging more than the authorized rent.

For example:You can not charge too much rent for a given appartment (max would be app 600,= EUR/month)You can not evict renter: renter protection is really extremeYou can not raise yearly rent by more than the inflation rate (this year 1.6%)Most mortgage's are guaranteed by a special fund in case of defaultI'm targetting on appartments with after repairs value 100.000,= EUR (give or take).

A local bank will still even charge you fees.

What is the buyers premium being charged by the Auctioneer?

He owes late charges from November and January and shorted me on a cash rental payment in March $20.00 (left it in an envelope so I couldn't count it).

If you know, or have a relationship with a title company, they can also pull those reports for you free of charge.