Posted by ray@lcorn on November 05, 2000 at 22:45:21:
As soon as you get Lonnie’s book you’ll see that the answer to your question is simple. Sell the homes that are in decent shape with owner financing using Lonnie’s system and forms. They may or may not be sold to their current tenants, (probably better if not) but in any case you’ll have no more rental headaches.
My advice would be to replace the older homes with newer, decent used units. Sell those the same way as above, and keep the rental lots as income producers for a lifetime. Not much goes wrong with dirt.
Your grandfather’s legacy can be the start of a whole new life for you. Keep posting to this site, and we will help you through each step.
Good luck, and welcome to our world!