My objective is to see who are the major investors in my area.

If cash flow ROI is your objective, you can do much better in Indy.

If the former owner objects to the sale, they can delay their removal for a very long time.One case here the former owner filed repeated bankruptcies and delayed their move by NINE YEARS!

I have regretted every single sale we have done.Learn more about your local rental market and the specific houses you are competing with.Put together some long term models, 10-15-20 years and consider appreciation, rent increases etc. and make your decision based on an objective analysis of your overall financial condition over that time.You will probably see pay increases over time, your primary will get easier to pay for and in a few years you will really appreciate the growing margin between income and expenses by keeping the rental.

I wish I had that advice when I first started investing in syndications - I spent too much time chasing the shiny object and investing with sponsors I had met briefly, but hadn't completely vetted.  

By carefully evaluating your financial objectives and the current market conditions, you can determine the best approach for maximizing returns on your real estate investments.

But I will admit that each case it depends on a lot of factors: Your knowledge, experience, background, education, available time, and personal financial position, goals, and objectives.

It really depends on the property and your objectives.

I don't think they even have the option of adding this.I never had anyone object to the agreement but since you are getting it after the fact it is brought more to your attention.All that being said, I would just read the agreement and see if there is anything that you object to, if not just sign it.If there is something you don't like ask the owner to compromise on the sticky points.If you can't both agree then consider cancelling and re-booking with someone with less requirements.

So you likely could make it work given your objectives if you like the place and don't have an issue with the legal aspects.Mexico property is freehold, not leasehold so, yes, you can hold the land.