It depends on the condition of the property. 

I'd also take a look at condition based off of available pictures.

@Kenny Kim Age of the home isn't as important as the condition of the home. 

e. vacant land, other than farm land, owned by or rented to an “Insured”Talk to your agent and find out if you policy applies to vacant land and if there are any conditions (.ie no development, no roads, no utilities, not cleared, etc.) that may apply.If the land is covered, you may want to add an umbrella to get some additional coverage.

All that ranting to say, yes I 100% agree tenants need to know the conditions of the lease that they signed, and if unmet, unfortunately, it may be time for them to move on.

If you buy a single family home in good condition, do a few cosmetic changes, and rent it out, it may be less stressful as a first purchase.  

Nobody will pay what he owes on it in as is condition.

Hi all, what would you do in a situation where an owner is financing a property and the owner’s health is spiraling down hill?

He went on to say that tenant B was suffering from mental health issues exacerbated by the COVID shutdowns. 

I do not have the size of the property nor the condition of the property you are looking at but I will say you do not see too many single homes that go over 3K/month in that area.