My primary focus is buying/selling notes, but I was contacted by a homeowner in the Mansfield, Ohio area who is selling his house on a land contract and doesn't have confidence that his tenant/buyer will be able to buy the house when the contract is up next September.The T/B has been in the house for 3.5 years, but has been late with payments (which are just enough to cover the mortgage) several times over that span and the owner believes he has grounds to cancel the contract.

It is a B- area, but rents are just low for commercial space. 

B/rgds,Michael

@Jeff B. 

And guidance or experience you can share would b greatly appreciated.

Start with property (a) with less damage and (b) in more investor-friendly area.

In short time you'll own a piece of real estate that other tenants are paying for and you'll have a) a "free" place to live and b) a hard asset.

It's been a combination of a). moving around so much and b). an unyielding desire to avoid conventional career tracks.

I have some really good friends in B ham  ping me if you want to.... its a nice town I like the topography as opposed to just flat.however be very careful there.. with negative grade and positive grade driveways... they don't look so severe in pictures as they do in real life.. some of them are pretty narley

Building is B Class.9.