One thing you might consider doing some formation of some sort of corporation or a LLC.  

They look like they are for ventilation of some sort?

@Dan Bowen  At 15,000 sq ft, it looks like it wants to be an corporate event / retreat center, church or some sort of training center. 

The renter now claims COVID problems on his income and he has not been able to secure any sort of financing to make good on the "OTB" agreement.

If you have actually not sold yet, you should be using some sort of dynamic pricing tool.

You will be constantly putting out fires without any sort of system.

Hi guys,There is a group (sort of REIT) where I'm from that is organizing the purchase and betterment of this building.I am aware of general stats and information, rent agreement they have etc, but would like to know any other 'on the ground' information from FL BiggerPockets members.Is there any information you'd share about the specific building or area? 

I think a lot of people have NO idea what landlords make or don't make, what they do or don't do, or what the consequences of unending demands for all sorts of things will do the availability of any housing much less affordable housing. 

Less payment of $850, leave 250/mo positive cash flow, not including other expenses, vacancy etc.In the meantime, we have a garage, which would just be a luxury and could probably rent out later for storage or an extra rental income from the tenant.Now that I type it, it seems like less of a viable option but maybe....Adding image link to give a better idea of the house and land. https://imgur.com/a/1Q6MvAt

There was never any sort of probate, and he had no will.