How can that girl expect to hold on to her family property under those circumstances? 

Note that if your grandmother holds the real property until her death, she is likely to receive a basis step-up in the residence, eliminating capital gains for the heirs upon sale versus possible capital gains to your grandmother if sold during her life.

As an investor and realtor here in Hilton Head, I can tell you with your current cash position you would be best off doing a couple of flips here first then look for a couple of holds.

Profit comes from the property's appreciation after improvements.Buy & Hold: Acquire properties for rental income and long-term appreciation.

The thing with long term hold approach, there is generally a real boom that last 2 or 3 years every 7 to 10 years.

You should have made the tenants responsible for the landscaping from the beginning, then you could hold them financially responsible if they fail.At this point, you should probably hire a professional to recover the lawn.

Better time to negotiate so great if you plan to hold for a long term rental.  

It was a credit union, so they hold their own portfolio of properties.

The medical center is a great place to buy and hold, most of the investors I do business with like to purchase townhomes near that area since they make great rentals. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.