Have not seen much guidance on ownership structures but my back of the napkin thought so far was: 20% me, and 40% to each partner.

you can sell on a napkin if you wantall boiler plate forms are available on linethe catchmake sure you do correct tittle company for the closing of the transactionwith a little research you could take out money at closing remember when you list the property make sure your comps are in the right ballparkanother avenue is rent to own- this gets you 5k up front with income every month plus when they default you make another 5k to start the process over againyou have a lot of options selling your own property and it depends on your time frame and what you want to do with the propertyenjoy

We had most of our decorative napkin holders just disappear.

@Jarrod Burgess there is no perfect "back of the napkin" formula for quick valuation of a park because each park has so many variables and location has such a huge impact on value. 

$265,000 x 70% = $185,500 - $60,000 (renovation amount) = $125,500 before your fee.Hard to say if your offer is any good, but my napkin math above thinks you might need to be even lower to make it a deal to wholesale to a flipper.

Plaintiff failed to maintain the property in a clean, sanitary, safe, and habitable condition.To wit, there were termites, water damage to the ceiling/walls, and dangerous moldlevels.

Beyond the unauthorized person possibly staying there which is hard to police and of low consequence unless you pay certain utilities likely to be used more, it sounds like they are average tenants who are sanitary and pay on time but who have a lot of clutter.

(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.

Renter's insurance won't cover me for pipes and fixtures for example:"The tenant agrees that the property, equipment and fixtures will be under the control of the tenant and agrees to keep the property in a clean and sanitary condition.

the 70% rule is/was never suppose to be a "Rule", rather, a guideline to a quick back of the napkin calculation to see if your deal is in the ballpark or not before you dive deeper into the numbers.