You pay me and drive it away and 2 months later the engine craps out.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If the later, seems like it makes notes much more of a gamble, since you don't really know what exit options are on or off the table.

They are older units (1960) so I will likely see other capex items sooner rather than later if I kept them for 30+ years.

We told him we would hold his stuff for another 30 days but after that we would have bulk trash pick it up. 1 month later he hauls his kayak away but the rest he leaves behind.

In this case the foreclosing mortgage was originated in 2014 and the the certified judgements were from later years, so the mortgage was filed prior to the tax lien. 

Hopefully the situation can be remedied sooner than later with the appropriate legal action.

They have the lowest rates we can find and since they are 30 year fixed...they allow us to cash flow better...which helps us qualify for other loans later.

There are other ways to invest - buying a property with owner financing, buying a fixer-upper with cash and living in it while making improvements and get a mortgage later, or pooling money with others.

Wants to start with approx 20 duplex and expand from there later on.