That level is a bit limited as I don’t own any real estate, yet.

For example if this is in King county the conforming limit is $662,500 for a 2 unit which means you would need to only put down 15% if you live in one unit.

A fantastic lifestyle. ( And the winter winds are gruesomely cold Although it is a brief winter. ) The rest of the world, is just a bit far from Perth. 

Some of it is "common sense" to limit ones liability. 

On paper (based on your brief description), I would say you have a good deal but I would dig deeper in to the rent roll. sqft is someone limited for a 4plex alongside those rents that you mentioned.

I am conflicted on what is best as I see good and bad to doing either.In park name - easier to manage administrative work, ensure taxes are paid, easier to recover if owner walks away or quits paying park rentIn buyer name - they pay taxes, if home is damaged would seem to limit park's responsibility, no insurance costIf value of the homes is an issue, the mobiles in question are of low value $2-10K ea.Again, looking for the industry best practices on this.Thanks!

Time limit: either party, the purchaser or the owners of record, can cancel this letter of intent by simply not entering into a lease option by this date and time:Date:______________ Time:________________After this date and time, this letter of intent is void.11.

So as you can imagine time is limited.  

ToddIf you're limited on capital, wholesaling can be a great way to get started.I'll tell you this - Of the +/- 50 wholesalers around town that I have connected with over the years, I have not had any of them bring me a deal that is worth pursuing.

I found dirt cheap lots for sale, and they are located in the county outside of city limits.