Dennis, more information might help, a land lease has no improvement to speak of, amenities perhaps but no residence or commercial income producing property, then you mention an HOA and tenant.

This reminds me of Seth Godin's book "The Dip" and how we will all go through low's in our business in different ways, but if we hang in there, keep pushing, adjust and innovate as needed, there is usually something pretty good ahead.  

I bought a book from Nolo (it's a company that produces a bunch of easy to follow do it yourself legal books) that really helped.

Analyse the property both with yourself paying market rent - to see how well it cash-flows as a pure rental (look for 8-12%) - and with just the rented half bringing in revenue - to see if it can carry most, or all, your operating costs.If your immediate goal is to live for free while building equity and saving for more properties, have a look at triplexs or quadraplexes as well ... the smaller your non-producing portion of the property, the better chance you have of living free or even making a little positive cash flow.

It also shows my wife that all the late nights and weekends do actually produce income to feed our family.

I just want to know what can I do real estate wise to earn an income while building an income for my family and saving to purchase an income producing property.  

3.Pride and Over Confidence, resting on my past successes to feel comfortable in a situation where I should have felt vulnerable.4.Laziness – I do not feel I am a lazy person but I knew I had this meeting and I didn’t even take the minimum effort to reschedule.5.Total Disrespect for my client’s time and situation.6.MOST IMPORTANT: Not Focusing of Revenue Producing Activities during “Pay Time Pay” (Just learned this from Kim Walsh-Phillips who learned it from Sandler Sales!)

But most rural deals aren't deals, unless they are near some oil producing activity.

So if a seller tells the selling broker to go pound sand after that broker produced a buyer, there is going to be a very angry broker.

If it is still in there, I bought an REO a few years ago when there wasn't as much competition, and used the inspection to leverage another 10k off the price, by producing contractor bids for various capital expense items that would now have to be disclosed to any future offers should mine not work out.