There are administrative costs with an LLC.

I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600. 

Not my area of expertise, but I am pretty sure titile company will want to see some evidence of appropriate estate administration. 

Based on the questions you asked, it's likely you wouldn't know how to complete a contract form and follow it through contract administration.

Developing that trust with someone you don't know may seem like a challenge, but if you approach it correctly, you should be able to achieve a pretty solid foundation before you engage.One way to approach this is to look for investments with professional administration.

Can you confirm they have a thorough understanding of contracts, surveys, title issues, deeds, contract administration, etc.

The administration is also looking to double the size of the IRS and increase audit frequency.

I had no malicious intent I just thought I could get cleaners and maintenance guys, 1099 them and not have to worry about all of the administrative fees and payroll... boy was I wrong. 

Likewise, I don't know how to execute the administrative paperwork. 

.,).Usually at most the PR that whom you contact, may be motivated to sell..No matter how much time has passed during the administration process the emotions for the family are still raw..Good luck...