If your sitting on premium West coast assets that are readily liquid ( especially compared to low end rentals in the fly over states)  it is cash. and it can be accessed very easily..

The tenant then feels they get penalized for working as each hour worked money is taken away from them when they can sit on their butts at home and do nothing.

Other will want to write a check and then just sit back and collect their share.

Although very few and far between I've had experiences like what you're describing.I would sit down with the Tenants and go over the lease, specifically the areas that are problematic with this tenant, and try to come to some kind of understanding.

I am in the process of purchasing an apartment building that sits atop acres of unused land.

IMO: Being that you will have it under contract in 5 days, I would sit tight.

A .4 acre lot sits ready for mobile home to be set on it and rented probably around 425 a month.Cost would be 7k for land.

If you are borrowing from a sophisticated investors, then they would expect close to 10%, but if you are borrowing from family or friend that have money sitting in CD, then 5% would be reasonable.

Absolutely...and I've made good on that promise already as I sit here debt servicing a few of my properties right now.

One of their neighbor's parking spaces sits next to a broken sprinkler that is spraying water onto their car, dirtying it up or perhaps "damaging it" according to the neighbor.