On a lease option, would I have to foreclose if he didn't pay for some reason or would I only have to evict?

What a property is listed for nor what someone paid for a property, have anything at all to do with the value of a property.If a property has been sitting on the market for a long period of time, it's usually due to one of the following:Priced to highNo demand Something negative about the property

Currently it is a negative cash flow.

I do own several townhouses as rentals and I only consider townhouses (when it comes to community living) because of the exact reasons (problems) you state in your OP.

I was more likely to use this strategy when I wrote an initial two year lease (something I only did for very qualified tenants).Another school of thought is to only have leases expire in the warm months because it is easier for the landlord to prep and show a house and tenants with kids would prefer to move after the school year ends (and before the next begins) so it is an easier time to find a new tenant.

DO NOT buy anything that is a negative cashflow property from day 1.

@Leslie A. gives some great advise about mobile homes and I enjoyed her comments with regards to people having their negative opinions about the industry.

My first thought would be that whatever area near Turner that would suggest positive cash flow would be a low quality area/property and much riskier, potentially negating the cash flow.

@Arnie Guida ..Yes, but I only replaced some soffit..It might not take much to repair it, but request more information..

Not trying to sound negative, just trying to create a more passive business model if possible.Has anyone figured this out?