@Daniel Sabato - Properties naturally appreciate in value over time.

What is the typical cost for something legal in this nature to be created?

Would you rather be home based in the Bay Area with tons of things to do nearby, good weather, lots of nature, etc. or someplace with little culture, extreme temperatures, bland immediate environment, etc., etc. 

It's a modern day equivalent of the wild west...oil, whiskey, gambling, rattle snakes, prostitutes.

But fortunes in real estate aren’t made from cash flow but rather from capital appreciation through forced and natural ways. 

Just ask people that lost severely because of oil crashing, a natural disaster that ripped through an area, tourism collapsing, a base shutdown, etc.

Just google "local community banks" or something of that nature. 

Or look larger into a quadplex or something of that nature?

The property been on the market for 6 months and supposedly she had multiple offers but it kept falling through because the buyers nor the seller wanted to deal with the 4 underground oil tanks. 

With the RTO, what I'd love to do is sign a standard year to year lease, and then another lease/lease option/installment sale contract that would give the tenant the property in 30 years in exchange for an initial fee or a monthly fee and them assuming maintenance, or something of that nature.