Kasan Kelley That land has already been promised/sold to developers.The city would not undertake "de-blighting" of such scale if they had not worked out a deal.Probably.

Or if I should sell the property for the land value that it has?...

We are good landlords and are very responsive.  

I am currently in the insurance business been reading Brandons book and landed on the site for more info.

As someone who may likely pursue multifamily investing in the future, your advice regarding dealing with the water department is much appreciated.I recall you had an earlier post about good books on landlording, and I wanted to drop a few here that I've come across consistently in my education.  

Draw up an option to purchase that allows you to sublet the property or do a land contract if they are legal in your area for the property if he is unwilling to transfer the deed without getting paid in full so you both have something in the deal but benefits as well.

My retort if I could have gotten it to roll off my lips would have been, "You are buying the house, you just are buying it for your landlord, and not for yourself!"

For reference, in Phoenix, my normal landlord policy is about $400.

It doesn't matter if your a retail flipper, wholesaler, landlord, property manager, realtor, lender, or any other aspect of this business.  

Also, I like when tenants are there when doing a walk thru, I like to see if they talk about their landlord, it says a lot about them.