Many locations appeared to have the tax homestead exemptions, which farther kill the cash flow.Land in Midwest- no rental income but no depreciation as well+ usually higher selling commissions +waste of property taxes.

Usually, the lessee has the option to buy.

I usually check Craig's list to see if there are any off-mls deals at a bargain.Maybe take it off the market for a month, do some minor work that gives it a more updated look (paint, landscaping etc) and put it back in the market at a competitive price.

There are about a million posts about asset protection, usually having to do with asking how to go about doing it, or what the 'best' strategy is. 

this is the ideal scebario as you can now renovate and put in a good tenant at market rate. inherited tenants are usually paying below market and not screened to your standards

Also, you usually need to be a licensed real estate agent to manage property. 

I have dealt with (usually older folks) yelling at me and basically lecturing me to the point I literally could not get one word in.

Now, I'm personally a fan of putting all my usual expenses on a cash back credit card and paying it off every month. 

Usually 3 flips in the last couple years.

They can usually point you in the right direction.