Contracts cannot & will never account for every possible variable one can encounter in life.

@Alex Clark you don't have to be there to buy - can either sign remotely or they overnight package to you to take to notary to sign and send back.Selling - you can give someone power of attorney.As others have posted, there's a lot of risk investing OOS. 

Owners with strong operating histories encountered buyers looking for distress, and neither side was willing to give.

Has anyone encounter this situation before and how did you go about it?

Be careful of firms trying to sell you on $7k plus packages and complex entity structures.

Have you encountered instances where it looks like occupants are unwilling to vacate a property for sale, but attorney-in-fact who is selling property is assuring that the property will be vacant under request at any time?

They admit that their hit rate/accuracy is low but offer zero refunds on any of their packages.

While I have not encountered this, and know there are very odd requirements placed on property owners looking to develop land, this feels a little off given there are other property owners on the road and life-safety access tends to be the top most requirement in all roadways.

Hello BP, I’m a newbie investor and I’m a believer to never be the smartest person in the room… So I ask you all: what are newbie mistakes in Multifamily investing you typically see or have encountered yourself?

Additionally, you may also encounter unforeseen challenges during the removal of the old home and installation of the new one, which could add to the overall cost and timeline of the project.On the other hand, renovating the existing mobile home to HUD standards with the help of a contractor may be a more cost-effective and time-efficient option.