Insurance on a Lonnie Deal

[Jonathan V.]

A couple friends and I are going to be purchasing a MH soon in the form of a Lonnie Deal. I know almost everything about the deal other than getting out there and doing it ;-) (So I've probably got about 40% of the info down lol)

Anyways, we will have liability insurance on the LLC, but what about the mobile homes? Do we require the buyer to pay for it?

I have a friend who is an insurance agent and he could probably structure the deal up so that I could just have it with me at closing and work it into the note that if they don't have insurance then they lose the home.

Any advice is appreciated, thanks.